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Neiman Marcus reports positive financials in the third quarter

The Neiman Marcus Group on Friday reported positive financial results for the third quarter of fiscal year 2015. For the 13 weeks ended May 2, 2015, total revenues amounted to $1.22 billion, compared to $1.16 billion in the prior year. Comparable revenues increased 2.2 percent.

The Company reported net earnings of $19.8 million for the third quarter of fiscal year 2015, compared to a net loss of $8.0 million in the prior year. EBITDA for the third quarter was $185.7 million compared to that of $149.1 million for the same period the year before.

Neiman Marcus reported total revenues of $3.93 billion compared to $3.73 billion in the prior year. Comparable revenues increased 4.5 percent. The Company reported net earnings of $47.8 million for the 39 weeks ended May 2, 2015 compared to a net loss of $105.1 million in the prior year.

Neiman Marcus, Tampa FL

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