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.
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