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Neiman Marcus Profits Rise

The retailer today reported net earnings of $40.4 million for its second quarter ended Jan. 26, versus $40.09 million for the year ago quarter.

Neiman Marcus

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.

 

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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.