By  on November 27, 2012

Neiman Marcus Inc. reported that net income in the latest quarter rose 2.5 percent to $49.6 million from $48.4 million in the year-ago period.

In Neiman’s first quarter ended Oct. 27, total revenues were essentially flat at $1.07 billion compared to $1 billion in the prior year, though comparable-store sales increased 5.4 percent. Operating earnings for the first quarter of fiscal year 2013 were $127.8 million compared to $122.8 million for the first quarter of fiscal year 2012.

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