Neiman Marcus Q4 FY'13 sales up 10.89%

For the fourth quarter of fiscal year 2013, the Company reported total revenues of $1.12 billion compared to $1.01 billion in the prior year. Comparable revenues increased 5.4 percent. The Company reported operating earnings for the fourth quarter of fiscal year 2013 of $43.9 million compared to $25.5 million for the fourth quarter of fiscal year 2012.

The Company reported net earnings of $2.9 million for the fourth quarter of fiscal year 2013 compared to a net loss of $11.1 million in the prior year. EBITDA for the fourth quarter of fiscal year 2013 was $96.4 million compared to EBITDA of $71.9 million in the fourth quarter of fiscal year 2012.

For fiscal year 2013, the Company reported total revenues of $4.65 billion compared to $4.35 billion in the prior year. Comparable revenues increased 4.9 percent. The Company reported operating earnings for fiscal year 2013 of $446.4 million compared to operating earnings of $403.6 million for fiscal year 2012.

The Company reported net earnings of $163.7 million for fiscal year 2013. Excluding the $9.4 million after-tax loss on debt extinguishment as described below under “Other Items”, the Company’s adjusted net earnings for fiscal year 2013 were $173.1 million compared to net earnings of $140.1 million in the prior year. EBITDA for fiscal year 2013 was $635.3 million compared to EBITDA of $583.8 million for fiscal year 2012.

For the 53rd week of fiscal year 2013, revenues were $61.9 million, operating earnings were $10.7 million and EBITDA was $13.6 million.

Neiman Marcus