Most Recent Articles In Business
Latest Business Articles
- Sears in Joint Venture With Simon Property Group
- Marc Jacobs and ImagineX Form Joint Venture
- Aéropostale Narrows Q4 Loss, but Q1 Outlook is Weak
More Articles By
Neiman Marcus Inc. today reported net earnings of $40.4 million for its second quarter ended Jan. 26, versus $40.09 million for the year ago quarter.
Excluding the $9.4 million after-tax loss on debt extinguishment, adjusted net earnings for the second quarter were $49.8 million compared to net earnings of $40.1 million in the prior year.
Total revenues reached $1.36 billion compared to $1.28 billion in the prior year. Comparable revenues increased 5.3 percent.
Operating earnings were $124.4 million compared to $108.7 million for the second quarter of fiscal year 2012, an increase of 14.5 percent.