High-End Retailer Neiman Marcus Posts Stronger Q4 Results; Peers on Watch (JWN) (SKS)
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Financial Fact:
Earnings before interest and income taxes: 55M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Earnings before interest and income taxes: 55M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Shares of Nordstrom (NYSE: JWN), Saks (NYSE: SKS), Macy's (NYSE: M), and other retailers are on watch Thursday morning, as peer Neiman Marcus dishes-out fourth-quarter 2012 results.
Numbers were good. Revs improved 9.3 percent to $1.01 billion, from $919.7 million last year. Comps rose 7.9%.
Operating margin widened from 1.9 percent up to 2.5 percent.
Neiman slashed its quarterly loss from $61.38 million down to $11.06 million. EBITDA -- a non-GAAP measure -- rose $4.4 million to $71.9 million.
News from the high-end retailer comes following a warning issued by Burberry plc (OTCBB: BURBY) earlier in the week. CEO Angela Ahrendts noted that the sales slump was largely related to external pressures.
Retailers are mixed in early trading.
Numbers were good. Revs improved 9.3 percent to $1.01 billion, from $919.7 million last year. Comps rose 7.9%.
Operating margin widened from 1.9 percent up to 2.5 percent.
Neiman slashed its quarterly loss from $61.38 million down to $11.06 million. EBITDA -- a non-GAAP measure -- rose $4.4 million to $71.9 million.
News from the high-end retailer comes following a warning issued by Burberry plc (OTCBB: BURBY) earlier in the week. CEO Angela Ahrendts noted that the sales slump was largely related to external pressures.
Retailers are mixed in early trading.
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