Neiman Marcus swings to loss in 3Q

Dallas — Neiman Marcus saw adjusted profits slip in the third quarter, even as revenues and comps rose.



For the quarter ended May 3, the company reported a net loss of $2.7 million, compared with net income of $70.8 million in the year-ago period. On an adjusted basis, however, the company reported earnings of $45.1 million compared with $78.7 million last year.



Also in the quarter, the company reported total revenues of $1.16 billion, up from $1.10 billion in the year-ago period. Same-store sales rose 5.9%.