Fiscal 2004 - 1st QuarterFinancial Highlights

• NMG

  • Total Sales Growth 12.4%
  • Comparable Store Sales 10.7%
  • Net Earnings Growth* 29.8%

• Specialty Retail

  • Total Sales Growth 11.6%
  • Comparable Store Sales 9.5%
  • Operating Earnings Growth 23.0%

• Neiman Marcus Direct

  • Sales Growth 11.9%
  • Operating Earnings Growth 57.1%

* Before impact of accounting change

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