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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

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