Neiman Marcus 2013 Annual Report Download - page 34
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Table of Contents
The following table sets forth certain items expressed as percentages of net revenues for the periods indicated.
Revenues
100.0 %
100.0 %
100.0 %
100.0 %
100.0 %
Cost of goods sold including buying
and occupancy costs (excluding
depreciation)
69.1
60.7
67.1
64.4
64.3
Selling, general and administrative
expenses (excluding depreciation)
22.7
23.6
22.9
22.5
23.2
Income from credit card program
(1.1)
(1.3)
(1.1)
(1.1)
(1.2)
Depreciation expense
3.1
3.0
3.0
3.0
3.0
Amortization of intangible assets
2.9
0.6
2.4
0.6
0.7
Amortization of favorable lease
commitments
1.1
0.4
0.9
0.4
0.4
Other expenses
2.1
10.1
3.9
0.5
0.3
Operating earnings
0.2
2.8
0.8
9.6
9.3
Interest expense, net
6.3
3.3
5.6
3.6
4.0
(Loss) earnings before income taxes
(6.0)
(0.5)
(4.7)
6.0
5.3
Income tax (benefit) expense
(2.4)
0.7
(1.7)
2.4
2.0
Net (loss) earnings
(3.6)%
(1.2)%
(3.0)%
3.5 %
3.2 %
(a) Percentages related to fiscal year 2013 include the operating results of the 53rd week. Summary financial information with respect to the
53rd week of fiscal year 2013 is as follows:
Revenues
$ 47.5
$ 14.4
$ 61.9
Operating earnings
8.2
3.2
10.7
EBITDA
10.2
3.6
13.6
33