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Comparable revenues increases 6% at Neiman Marcus
14
Mar '11
Neiman Marcus Inc reported financial results for the second quarter of fiscal year 2011. For the 13 weeks ended January 29, 2011, the Company reported total revenues of $1.17 billion compared to $1.10 billion in the prior year. Comparable revenues increased 6.0 percent. Operating earnings for the second quarter of fiscal year 2011 were $89.2 million compared to $67.1 million for the second quarter of fiscal year 2010, an increase of 32.8 percent.

The Company reported net earnings of $21.0 million for the 13 weeks ended January 29, 2011 compared to net earnings of $4.0 million in the prior year. EBITDA for the second quarter of fiscal year 2011 was $136.4 million compared to EBITDA of $119.9 million for the second quarter of fiscal year 2010.

For the 26 weeks ended January 29, 2011, the Company reported total revenues of $2.10 billion compared to $1.97 billion in the prior year. Comparable revenues increased 6.2 percent. The Company reported operating earnings for the 26 weeks ended January 29, 2011 of $189.0 million compared to operating earnings of $142.0 million for the comparable period a year ago, an increase of 33.1 percent.

The Company reported net earnings of $46.8 million for the 26 weeks ended January 29, 2011 compared to net earnings of $12.5 million in the prior year. EBITDA for the 26 weeks ended January 29, 2011 was $287.3 million compared to EBITDA of $248.8 million for the 26 weeks ended January 30, 2010.

Neiman Marcus Inc

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