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Neiman Marcus Group LTD LLC Reports First Quarter Results
DALLAS--(BUSINESS WIRE)--December 6, 2018--Neiman Marcus Group LTD LLC (the “Company”) today reported financial results for the first quarter ended October 27, 2018.
“Our first quarter results, marking our fifth consecutive quarter of comparable revenue increases, demonstrate the ongoing stabilization of our business. We continue to focus on delivering on our plan this year, while also positioning the company for future growth,” said Geoffroy van Raemdonck, Chief Executive Officer, Neiman Marcus Group. “We will continue to drive innovation that enriches the shopping experience, including investing in personalization and omni-selling.”
For the quarter ended October 27, 2018, the Company reported total revenues of $1.10 billion, representing an increase in comparable revenues of 2.8% from the same quarter a year ago. During the quarter, the Company reported a net loss of $28.2 million compared with a net loss of $26.2 million for the first quarter of fiscal year 2018. Adjusted EBITDA, which is described on page 8 of this release, for the first quarter was $135.3 million compared to Adjusted EBITDA of $122.3 million for the first quarter a year ago.
The following information was filed by Neiman Marcus Group Ltd Llc on Thursday, December 6, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.