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Neiman Marcus, Inc. Reports Fourth Quarter and Fiscal Year 2011 Results
DALLAS, Sep 13, 2011 (BUSINESS WIRE) -- Neiman Marcus, Inc. today reported financial results for both the fourth quarter and fiscal year ended July 30, 2011. For the fourth quarter of fiscal year 2011, the Company reported total revenues of $919.7 million compared to $826.3 million in the prior year. Comparable revenues increased 11.0 percent. Operating earnings for the fourth quarter of fiscal year 2011 were $17.5 million compared to $4.5 million for the fourth quarter of fiscal year 2010.
The Company reported a net loss of $61.4 million for the fourth quarter of fiscal year 2011. Excluding the $42.7 million after-tax loss on debt extinguishment as described below under "Other Items," the Company's adjusted net loss for the fourth quarter of fiscal year 2011 was $18.7 million compared to a net loss of $32.8 million in the prior year. EBITDA for the fourth quarter of fiscal year 2011 was $67.5 million compared to $59.8 million in the prior year, an increase of 13 percent.
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FOREX-Euro drops amid Fitch cut of Greece rating "We muse over sovereign rating issues will prove an important driver of foreign exchange in 2010, with currencies whose countries physiognomy potential downgrades and more » |
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TIBCO Software Reports Q4 GAAP EPS of $0.18, Non-GAAP EPS of $0.23 on cortege of credit (2317) - ---------- ---------- Net cash used in financing activities (67661) (115570) ---------- ---------- Effect of foreign exchange and more » |
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Red Hat F3Q10 (Qtr End 11/30/09) Earnings Call Transcript Keep in forget that foreign exchange rates continue to be very volatile, the substantial strengthening of the US dollars of the last two weeks. and more » |
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The supply-side tax con For a power participating in globalized trade, any government printing its own currency to finance domesticated needs beyond the size of its foreign-exchange |
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BoB reduces bank rate resulting from the reduction in the foreign exchange reserves and disgrace rates of increase in both government expenditure and private sector credit. and more » |
