Neiman Marcus 2007 Annual Report Download - page 142
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Table of Contents
NOTE 19. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Fiscal year 2008
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
(Successor)
Revenues $ 1,132.2 $ 1,373.8 $ 1,062.2 $ 1,032.3 $ 4,600.5
Gross profit (1) $ 465.1 $ 460.6 $ 425.2 $ 314.7 $ 1,665.6
Net earnings (loss) (2) $ 78.8 $ 44.3 $ 55.4 $ (35.7)$ 142.8
Fiscal year 2007
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
(Successor)
Revenues $ 1,039.2 $ 1,295.8 $ 1,073.4 $ 981.7 $ 4,390.1
Gross profit (1) $ 432.4 $ 445.6 $ 445.5 $ 312.8 $ 1,636.3
Earnings (loss) from continuing operations (3) $ 51.4 $ 38.2 $ 60.9 $ (15.9) $ 134.7
(Loss) earnings from discontinued operations,
net of tax $ (24.2) $ 2.8 $ (1.4) $ 0.0 $ (22.8)
Net earnings (loss) $ 27.2 $ 41.0 $ 59.5 $ (15.9)$ 111.9
(1) Gross profit includes revenues less cost of goods sold including buying and occupancy costs (excluding depreciation).
(2) For fiscal year 2008, net earnings include 1) $32.5 million of other income related to a one-time pension curtailment gain in
the first quarter as a result of our decision to freeze certain Pension and SERP benefits as of December 31, 2007, offset by 2)
$31.3 million pretax impairment charge related to the writedown to fair value of the net carrying value of the Horchow
tradename in the fourth quarter.
(3) For fiscal year 2007, earnings from continuing operations includes 1) $11.5 million pretax impairment charge related to the
writedown to fair value of the net carrying value of the Horchow tradename recorded in the fourth quarter, offset by 2) $4.2
million of other income we received in connection with the merger of Wedding Channel.com, in which we held a minority
interest, and The Knot recorded in the first quarter and 3) $6.0M of other income related to aged, non-escheatable gift cards
recorded in the fourth quarter.
F-56