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July 04, 2015 6:26 AM ET

Multiline Retail

Company Overview of Neiman Marcus Group LTD LLC

Company Overview

Neiman Marcus Group LTD LLC, through its subsidiary, the Neiman Marcus Group, Inc., operates as a luxury retailer in the United States. The company operates through two segments, Specialty Retail Stores and Online. The Specialty Retail Stores segment offers luxury merchandise, including women’s couture and designer apparel, contemporary sportswear, handbags, fashion accessories, shoes, cosmetics, men’s clothing and furnishings, precious and designer jewelry, decorative home accessories, fine china, crystal and silver, children’s apparel, and gift items. This segment operates 41 Neiman Marcus full-line stores in the United States, and 2 Bergdorf Goodman stores on Fifth Avenue in New York City...

1618 Main Street

Dallas, TX 75201

United States

16,500 Employees

Phone:

214-743-7600

Key Executives for Neiman Marcus Group LTD LLC

Chief Executive Officer, President, Director, Chief Executive Officer of Neiman Marcus Group and President of Neiman Marcus Group
Age: 58
President, Chief Merchandising Officer, President of Neiman Marcus and Chief Merchandising Officer of Neiman Marcus
Age: 51
Chief Financial Officer, Chief Operating Officer and Executive Vice President
Age: 52
President of Neiman Marcus Stores & Online
Age: 45
President of Bergdorf Goodman
Age: 44
Compensation as of Fiscal Year 2015.

Neiman Marcus Group LTD LLC Key Developments

Neiman Marcus Group LTD LLC Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended May 2, 2015; Provides Capex Outlook for the Year 2015

Neiman Marcus Group LTD LLC reported unaudited consolidated financial results for the third quarter and nine months ended May 2, 2015. For the quarter, the company reported total revenues of $1.22 billion compared to $1.16 billion in the prior year. Comparable revenues increased 2.2%. 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 was $185.7 million compared to EBITDA of $149.1 million for the third quarter of fiscal year 2014. Excluding purchase accounting and certain transaction related and other expenses, Adjusted EBITDA for the third quarter of fiscal year 2015 was $202.6 million compared to Adjusted EBITDA of $194.4 million in the third quarter of fiscal year 2014. Operating earnings were $107.960 million against $62.952 million a year ago. Earnings before income taxes were $35.116 million against loss of $19.270 million a year ago. Capital expenditures were $63.6 million against $42.1 million a year ago. For the nine months, the company reported total revenues of $3.93 billion compared to $3.73 billion in the prior year. Comparable revenues increased 4.5%. 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. EBITDA was $543.9 million compared to EBITDA of $252.2 million for the 39 weeks ended May 3, 2014. Excluding purchase accounting and certain transaction related and other expenses, Adjusted EBITDA for the 39 weeks ended May 2, 2015 was $602.7 million compared to Adjusted EBITDA of $587.1 million for the 39 weeks ended May 3, 2014. Operating earnings were $299.840 million against $33.797 million a year ago. Earnings before income taxes were $81.921 million against loss of $163.599 million a year ago. Capital expenditures were $183.0 million against $111.6 million a year ago. For fiscal 2015, the company expects capital expenditures on a gross basis to be in the range of $270 million to $285 million and on a net basis, approximately $240 million to $255 million.

Neiman Marcus Group LTD LLC, Q3 2015 Earnings Call, Jun 12, 2015

Neiman Marcus Group LTD LLC, Q3 2015 Earnings Call, Jun 12, 2015

Neiman Marcus Group LTD LLC to Report Q3, 2015 Results on Jun 12, 2015

Neiman Marcus Group LTD LLC announced that they will report Q3, 2015 results on Jun 12, 2015

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