Neiman Marcus 2009 Annual Report Download - page 30

Table of Contents
Set forth in the following table is certain summary information with respect to our operations for the periods indicated.
Fiscal year ended
(in millions, except sales per square foot)
July 31,
2010
August 1,
2009
August 2,
2008
REVENUES
Specialty Retail stores $ 3,010.8 $ 2,991.3 $ 3,853.0
Direct Marketing 682.0 652.0 747.5
Total $ 3,692.8 $ 3,643.3 $ 4,600.5
OPERATING EARNINGS (LOSS)
Specialty Retail stores $ 272.5 $ 124.3 $ 476.7
Direct Marketing 112.6 73.3 117.7
Corporate expenses (58.1) (52.1) (57.0)
Other expenses (1) (21.9) (22.5) —
Amortization of intangible assets and favorable lease
commitments (73.3) (72.7) (72.2)
Impairment charges (2) — (703.2) (31.3)
Other income (3) — — 32.5
Total $ 231.8 $ (652.9) $ 466.4
OPERATING PROFIT MARGIN (LOSS)
Specialty Retail stores 9.1% 4.2% 12.4%
Direct Marketing 16.5% 11.2% 15.7%
Total 6.3% (17.9)% 10.1%
CHANGE IN COMPARABLE REVENUES (4)
Specialty Retail stores (1.2)% (23.2)% 1.3%
Direct Marketing 4.6% (12.2)% 3.8%
Total (0.1)% (21.4)% 1.7%
SALES PER SQUARE FOOT
Specialty Retail stores $ 466 $ 475 $ 634
(
5
)
STORE COUNT
Neiman Marcus and Bergdorf Goodman full-line stores:
Open at beginning of period 42 41 40
Opened during the period 1 1 1
Open at end of period 43 42 41
Neiman Marcus Last Call stores:
Open at beginning of period 27 24 20
Opened during the period 1 4 4
Closed during the period — (1)—
Open at end of period 28 27 24
NON-GAAP FINANCIAL MEASURE
EBITDA (6) $ 446.9 $ (429.4) $ 687.0
Adjusted EBITDA (6) $ 446.9 $ 273.8 $ 685.8
(1) Other expenses consists primarily of costs (primarily professional fees and severance) incurred in connection with cost
reductions and corporate initiatives.
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