Fiscal 2004 – Fiscal YearFinancial Highlights

• NMG

  • Comparable Sales 14.0%
  • Net Earnings Growth* 87.4%

• Specialty Retail

  • Comparable Store Sales 13.2%
  • Operating Earnings Growth 56.7%

• Neiman Marcus Direct

  • Sales Growth 15.6%
  • Operating Earnings Growth 34.0%

* Includes $7.5M impact of favorable tax settlements and $3.9M impairment charge.

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