Home / Knowledge / News / Fashion / Q3 sales decline at Dallas-based luxury retailer

Q3 sales decline at Dallas-based luxury retailer

04
Jun '08
Neiman Marcus Inc reported financial results for the third quarter of fiscal year 2008. This release contains information regarding the Company's adjusted operating earnings, EBITDA and adjusted EBITDA, all of which are non-GAAP financial measures (as described in the footnotes to the accompanying condensed consolidated statements of earnings and related information).

Neiman Marcus Inc believes reporting adjusted operating earnings, EBITDA and adjusted EBITDA is a more meaningful representation of the Company's on-going economic performance and therefore uses these metrics internally to evaluate and manage the Company's operations. Adjusted operating earnings exclude the impact of certain items as described below under “Other Items.”

For the 13 weeks ended April 26, 2008, the Company reported total revenues of $1.06 billion compared to $1.07 billion in the prior year. Comparable revenues decreased 2.5 percent. Operating earnings for the third quarter of fiscal year 2008 were $148.6 million compared to $162.6 million for the third quarter of fiscal year 2007. Adjusted operating earnings were $166.5 million in the third quarter of fiscal year 2008 compared to $180.6 million in the third quarter of fiscal year 2007, a decrease of 7.8%.

For the 39 weeks ended April 26, 2008, the Company reported total revenues of $3.57 billion compared to $3.41 billion in the prior year. Comparable revenues increased 2.6 percent. Operating earnings for the 39 weeks ended April 26, 2008 were $472.6 million compared to $444.6 million for the comparable period a year ago. Adjusted operating earnings for the 39 weeks ended April 26, 2008 were $494.0 million compared to $494.6 million for the comparable period a year ago, a decrease of 0.1%.


Must ReadView All

Pic: Shutterstock

Retail | On 31st Oct 2020

Consumer brands should REBOOT businesses: FICCI-Deloitte

Consumer brands should 'REBOOT' their businesses in view of the...

Pic: Dyecoo

Textiles | On 31st Oct 2020

Dyecoo & DuPont launch sustainable dyeing process

DuPont Biomaterials and DyeCoo, specialising in the development of...

Pic: Shutterstock

Apparel/Garments | On 31st Oct 2020

Lululemon 4th in Top 40 Most Valuable Canadian Brands list

Vancouver-headquartered athletic apparel brand Lululemon Athletica...

Interviews View All

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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

Leave your Comments


October 2020

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


Advanced Search