DALLAS, Texas – Neiman Marcus Group LTD LLC today reported financial results for its third fiscal quarter ended April 29, 2017. For the third quarter, the Company reported total revenues of $1.11 billion, representing a decrease of 4.9% compared to total revenues of $1.17 billion for the third quarter of fiscal year 2016. During this same period, comparable revenues decreased 4.9% and the Company reported a net loss of $24.9 million compared to net earnings of $3.8 million for the third quarter of fiscal year 2016. Adjusted EBITDA, which is described on page 7 of this release, for the third quarter of fiscal year 2017 was $135.9 million compared to $173.2 million in the prior year.

On a year-to-date basis, the Company reported total revenues of $3.59 billion, representing a decrease of 6.2% compared to total revenues of $3.82 billion for the same period in the prior year. During this same period, comparable revenues decreased 6.6%. Including non-cash impairment charges of $153.8 million as described below under “Other Items”, the Company reported a net loss of $165.5 million compared to net earnings of $1.1 million in the prior year. Year-to-date Adjusted EBITDA was $385.6 million compared to $520.4 million for the same period in the prior year.