neiman marcus 4th-qtr net up
Neiman Marcus 4th-qtr net up September 7, 2004 4:27pm ET (Reuters)
DALLAS, Sept. 7 (Reuters) -
THE NEIMAN MARCUS GROUP INC.
CONSOLIDATED STATEMENTS OF EARNINGS
(UNAUDITED)
Fourth Quarter Ended Fiscal Year Ended (in thousands, except Jul 31, Aug 2, Jul 31, Aug 2, per share data) 2004 2003 2004 2003 Revenues $ 788,994 702,656 $3,545,559 $3,098,124 Cost of goods sold including buying and occupancy costs 552,257 501,357 2,321,110 2,073,579 Selling, general and administrative expenses 194,534 184,670 875,360 802,435 Impairment charge 3,853 - 3,853 - Operating earnings 38,350 16,629 345,236 222,110 Interest expense, net 4,107 4,087 15,923 16,270 Earnings before income taxes, minority interest and change in accounting principle 34,243 12,542 329,313 205,840 Income taxes 13,356 4,828 120,932 79,248 Earnings before minority interest and change in accounting principle 20,887 7,714 208,381 126,592 Minority interest in net earnings of subsidiaries (300) (542) (3,549) (2,488) Earnings before change in accounting principle 20,587 7,172 204,832 124,104 Change in accounting principle - writedown of intangible assets, net of taxes - - - (14,801) Net earnings 20,587 7,172 204,832 109,303 Weighted average number of common and common equivalent shares outstanding:
