Thread regarding Neiman Marcus Group layoffs

Nothing New, just another Quarter and another huge loss

Q2 financials come in with another loss, this time $29M. So far for the fiscal year, that puts them at almost $60M in losses.

"The luxury retailer reported a net loss of $29 million in quarter ended January 26, compared with net earnings of $372.5 million in year-ago period, which included through the year-ago period included a $387.8 million tax benefit. Revenue totaled $1.39 billion, down from $1.48 billion last year."

https://www.chainstoreage.com/finance-0/neiman-marcus-swings-to-q2-loss/

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| 1111 views | | 1 reply (March 19, 2019) | Reply
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Those "earnings " a tax credit that was applied to non paid taxes

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