Neiman Marcus Q4 Loss Narrows, Full Year Sales Up 5.3%

In Reports, What's New, Industry News by Jeff Prine

Rag & Bone at Neiman Marcus stores

Rag & Bone at Neiman Marcus stores

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.

 

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