The Neiman Marcus Group announced the following preliminary company-wide revenues:
4 weeks ended
October 30, November 1,
2004 2003 % Change
---------------- ---------------- ---------------
Total Revenues $308 million $271 million 13.7%
Comparable Revenues $308 million $271 million 13.6%
13 weeks ended
(1st Fiscal Quarter)
October 30, November 1,
2004 2003 % Change
---------------- ---------------- ---------------
Total Revenues $915 million $825 million 10.9%
Comparable Revenues $913 million $824 million 10.8%
In the four-week October period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus stores and Bergdorf Goodman, increased 13.5 percent. Revenue growth trends were the strongest in the Company's stores located in the Southeast, Midwest and West Coast regions. Top merchandise categories were women's apparel, shoes, designer handbags and precious jewelry.
Comparable revenues at Neiman Marcus Direct for the four-week October period increased 17.7 percent. The top selling merchandise categories in the Direct Marketing segment included shoes, women's apparel, handbags, jewelry and furniture and rugs.
Comparable revenues for the Neiman Marcus Group for the first quarter of fiscal year 2005 increased 10.8 percent. For the first quarter of fiscal year 2005, Specialty Retail Stores comparable revenues increased 11.1 percent. Comparable revenues for the first quarter of fiscal year 2005 compared to last year increased 10.5 percent and 14.3 percent at Neiman Marcus Stores and Bergdorf Goodman, respectively. Neiman Marcus Direct first quarter fiscal year 2005 revenues were 9.2 percent above last year.
The Company currently expects earnings in the range of $1.42 to $1.47 per share for the first quarter of fiscal year 2005. The Company currently expects comparable store revenues for the second quarter of its fiscal year 2005 to increase 8 percent to 10 percent compared to last year.
