Neiman Marcus Turns To Q3 Profit

For the 13 weeks ended May 2, Neiman Marcus Group posted net earnings of $19.8 million versus a net loss of $8 million in the year-prior third quarter. Third quarter comparable revenues increased 2.2% over last year’s period.

The company reported total revenues of $1.22 billion versus $1.16 billion in the prior year.

EBITDA for the third quarter of fiscal year 2015 was $185.7 million versus $149.1 million for the period last year. Excluding one-time charges, EBITDA for the third quarter was $202.6 million compared to $194.4 million in last year’s period, the company stated.