The Neiman Marcus Group, Inc. announced total company sales for July 2005 were up 7.3% to $232 million from $216 million in the same month last year. For the company's 52-week fiscal year, sales were $3.82 billion, up 9.9% from $3.52 billion last year.
4 weeks ended
July 30, July 31, % Change
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2005 2004
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Total Revenues $232 million $216 million 7.3%
Comparable Revenues $230 million $211 million 8.8%
13 weeks ended
July 30, July 31, % Change
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2005 2004
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Total Revenues $852 million $784 million 8.5%
Comparable Revenues $845 million $771 million 9.6%
52 weeks ended
July 30, July 31, % Change
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2005 2004
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Total Revenues $3.82 billion $3.52 billion 8.4%
Comparable Revenues $3.79 billion $3.45 billion 9.9%
Comparable revenues for all periods ended July 30, 2005 exclude the sales of Chef's Catalog prior to its disposition in November 2004.
In the four-week July period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 3.9%. Revenue growth trends were the strongest in the company's stores in the Southeast, West and Texas. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included women's fine apparel and contemporary sportswear, men's shoes, accessories and designer handbags.
Comparable revenues at Neiman Marcus Direct in the four-week July period increased 21.4 percent. The top selling merchandise categories in the Direct Marketing segment included women's shoes, handbags, accessories, jewelry, women's apparel and men's.
Comparable revenues for the Neiman Marcus Group for the fourth quarter of fiscal year 2005 increased 9.6%. For the fourth quarter of fiscal year 2005, Specialty Retail Stores comparable revenues increased 7.4%. Neiman Marcus Direct fourth quarter fiscal year 2005 revenues were 19.5% above last year.
The company currently expects earnings per share to range from 47 cents to 52 cents for the fourth quarter of fiscal year 2005 which excludes the impact of recording certain transaction costs related to the pending sale of the company to an investment group consisting of Texas Pacific Group and Warburg Pincus LLC and an expected gain related to the sale of the company's private label credit card account portfolio to HSBC Retail Services. The company currently expects comparable store revenues for the first quarter of its fiscal year 2006 to increase in the range of 4% to 6% compared to the first quarter of fiscal year 2005 comparable store revenues of 11.4%.
