- Neiman Marcus (NMG-OLD) reports comparable-store sales fell 2.4% during the FQ2 period which included a good portion of the holiday selling season.
- Total sales were down 2.3% to $1.49B.
- Adjusted EBITDA fell 11.1% Y/Y to $183M.
- Neiman Marcus cited lower tourism spending as a factor during the quarter. A high concentration of stores in energy-focused Texas also worked against it.
- Neiman Marcus earnings release (.pdf)