Neiman Marcus Group reported that its net loss for its first fiscal quarter rose slightly to $26.2 million from $23.5 million in the year ago quarter, though comparable revenues rose 4.2 percent.
Total revenues in the quarter ended Oct. 28, 2017 rose 3.8 percent to $1.12 billion, from $1.08 billion in the year ago quarter.
The Dallas-based luxury retailer cited investments in its “digital first” strategy and in new technologies and marketing tools for the rise in revenues.
Adjusted earnings before interest, taxes, depreciation and amortization were $123.5 million versus $122.9 million a year ago. Operating earnings rose to $31 million from $25.3 million. Interest expenses were $76 million in the quarter, versus $72 million a year ago.