Fiscal 2004 – Fall SeasonFinancial Highlights

• NMG

  • Total Sales Growth 12.3%
  • Comparable Store Sales 11.5%
  • Net Earnings Growth* 52.2%

• Specialty Retail

  • Total Sales Growth 11.1%
  • Comparable Store Sales 10.0%
  • Operating Earnings Growth 38.9%

• Neiman Marcus Direct

  • Sales Growth 15.9%
  • Operating Earnings Growth 40.0%

* Before change in accounting principle, includes $7.5M impact of favorable tax settlements

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