Dallas—Neiman Marcus Group reported Tuesday that its fourth quarter loss narrowed its loss as sales continued to rise.
For the three months ended August 1, Neiman Marcus posted a loss of $32.9 million with $1.17 billion in sales, compared with a loss of $42.1 million and $1.11 billion in sales a year earlier.
Meanwhile, earnings before interest, taxes, depreciation and amortization (Ebitda) was $97 million, compared with $ 96.7 million a year earlier. Excluding stock-based compensation and other items, Ebitda was $107.9 million, compared with $111.3 million a year earlier.
Comparable store sales rose 1.9%
For its full fiscal 2015, the company reported revenue of $5.1 billion, a 5.3% increase from $4.84 billion the previous year. Neiman Marcus announced plans for an initial public offering in August.