Fiscal 2004 – 2nd QuarterFinancial Highlights

• NMG

  • Total Sales Growth 12.3%
  • Comparable Store Sales 12.2%
  • Net Earnings Growth* 82.2%

• Specialty Retail

  • Total Sales Growth 10.8%
  • Comparable Store Sales 10.5%
  • Operating Earnings Growth 66.1%

• Neiman Marcus Direct

  • Sales Growth 18.7%
  • Operating Earnings Growth 37.7%

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

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