By  on March 9, 2018

Neiman Marcus Group, showing signs that its core business is improving and helped by some tax benefits, reported net earnings of $346.3 million for its second fiscal quarter ended Jan. 27, compared to a net loss of $140.6 million in the year-ago period.

Adjusted earnings before interest, taxes, depreciation and amortization were $277.2 million, compared to $249.7 million for the same period in the prior year. The company cited a provisional non-cash income tax benefit of $384.1 million in fiscal year 2018 and non-cash impairment charges of $153.8 million as impacting the bottom line.

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