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.
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