Neiman Marcus Niemann Marcus Lost $42 Million 100 Thousand In The Four Quarter
Because Last year In October, related expenses were acquired after the acquisition of investment consortium headed by Ares Management LLC and Canada Pension Plan Investment Board. The US high-end department store group Neiman Marcus Group Marcus Niemann Marcus recorded a net loss of $42 million 100 thousand in the fourth quarter of August 2nd, compared with a net profit of $2 million 900 thousand in the same period last year. Excluding the acquisition and transaction related expenses, adjusted net profit increased by 19.4% to $12 million 900 thousand compared to the same period. The adjusted core profit EBITDA decreased 0.9% to 105 million 800 thousand US dollars compared to the same period last year, which was 106 million 800 thousand US dollars in the same period last year.
Quarterly revenues totaled $1 billion 110 million, compared with last year. Synchronization 1 billion 120 million US dollars decreased by 0.6%, of which physical retail revenue fell 2.9% compared to the same period, while online sales revenue increased by 7.3% to 275 million 600 thousand US dollars per annualized year. The same store sales increased by 4.9%, and the same store sales of physical retail and online sales increased by 2.3% and 13.7% respectively.
Niemann Marcus, a Neiman Marcus Group Ltd. LLC with the same name chain corporation and top department store Bergdorf Goodman, made a profit loss of $147 million 200 thousand a year, a net loss of $163 million 700 thousand, and a net profit of $163 million 700 thousand last year. Excluding the acquisition and transaction related expenses, adjusted net profit fell 31.2% to 137 million 800 thousand US dollars over the previous year, adjusted core earnings EBITDA was $677 million 600 thousand, an increase of 0.9% over the previous year's 671 million 500 thousand US dollars. Revenue increased by 4.1% to $4 billion 840 million per year, while the same store sales increased by 5.5%, including entities. retail Same store sales with online sales increased by 3.4% and 12.9% respectively.
By the end of the year, the total inventory value of the group was 1 billion 70 million US dollars, up 5% from 1 billion 20 million US dollars in the same period last year.
Neiman Marcus Group Ltd. LLC Niemann Marcus announced early this week that the German luxury electronics Mytheresa.com, which is seeking to sell, and its flagship store in Munich, will announce its trading price of about 150 million euros today. Mytheresa.com will operate separately as Bergdorf Goodman as an independent business and fall under the new NMG International International Business Department of the group, which is also president of Joshua Goodman, Bergdorf Goodman.
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