Home / Knowledge / News / Apparel/Garments / Comparable revenues up at Neiman Marcus
Comparable revenues up at Neiman Marcus
28
May '11
Neiman Marcus Inc reported financial results for the third quarter of fiscal year 2011. For the 13 weeks ended April 30, 2011, the Company reported total revenues of $983.8 million compared to $895.2 million in the prior year. Comparable revenues increased 9.7 percent. Operating earnings for the third quarter of fiscal year 2011 were $123.2 million compared to $85.3 million for the third quarter of fiscal year 2010, an increase of 45 percent.

The Company reported net earnings of $46.2 million for the 13 weeks ended April 30, 2011 compared to $18.5 million in the prior year. EBITDA for the third quarter of fiscal year 2011 was $169.9 million compared to EBITDA of $138.3 million in the third quarter of fiscal year 2010, an increase of 23 percent.

For the 39 weeks ended April 30, 2011, the Company reported total revenues of $3.08 billion compared to $2.87 billion in the prior year. Comparable revenues increased 7.3 percent. The Company recorded operating earnings for the 39 weeks ended April 30, 2011 of $312.3 million compared to $227.3 million for the comparable period a year ago, an increase of 37 percent.

The Company reported net earnings of $93.0 million for the 39 weeks ended April 30, 2011 compared to $30.9 million in the prior year. EBITDA for the 39 weeks ended April 30, 2011 was $457.2 million compared to EBITDA of $387.1 million for the 39 weeks ended May 1, 2010, an increase of 18 percent.

Neiman Marcus Inc

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search