The Neiman Marcus Group declares Q3 earnings

09 Jun '06

3 min read

For the 13 weeks ended April 29, 2006, the Company reported total revenues of $1.0 billion compared to $933.4 million in the prior year. Comparable revenues increased 6.8 percent. Operating earnings for the third quarter of fiscal 2006 were $132.7 million compared to $134.7 million for the third quarter of fiscal year 2005.

Adjusted operating earnings were $151.0 million in the third quarter of fiscal year 2006 compared to $134.7 million in the third quarter of fiscal year 2005, an increase of 12.1 percent.

For the 39 weeks ended April 29, 2006, the Company reported total revenues of $3.2 billion compared to $3.0 billion in the prior year. Comparable revenues increased 7.1 percent. Operating earnings for the 39 weeks ended April 29, 2006 were $309.3 million compared to $364.2 million for the comparable period a year ago.

Adjusted operating earnings for the 39 weeks ended April 29, 2006 were $413.4 million compared to $379.5 million for the comparable period a year ago, an increase of 8.9 percent.

See the attached schedule of “Other Operating Data” for the reconciliation of adjusted operating earnings and the Company's statements regarding the use of this non-GAAP financial measure.

A live webcast of the conference call on earnings can be accessed through the Investor Information section of the Neiman Marcus Group website at www.neimanmarcusgroup.com on Thursday, June 8, 2006 beginning at 10:00 a.m. Central Daylight Time. Following the live broadcast, interested parties may replay the webcast by accessing this website.

The Neiman Marcus Group Inc

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