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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported:) March 23, 1998
The NEIMAN MARCUS GROUP, INC.
(Exact of name of registrant as specified in charter)
Delaware
(State or other jurisdiction of its incorporation)
1-9659 95-4119509
(Commission File Number) (I.R.S. Employer Identification No.)
27 Boylston Street, Chestnut Hill, MA 02167
(address of principal executive offices) (Zip Code)
(617) 232-0760
(Registrant's Telephone Number, Including Area Code)
<PAGE>
Item 5. Other Events
The Registrant is filing herewith restated Financial Data Schedules for
the periods listed in Item 7 below to reflect changes in earnings per share
reported in previously submitted Financial Data Schedules. These changes
result from the adoption by the Registrant of Statement of Financial
Accounting Standards No. 128, Earnings Per Share (SFAS 128), which was
adopted by the Registrant in the twenty-six week period ended January 31,
1998. As required by SFAS 128, the Registrant has changed the method used to
compute earnings per share and has restated prior periods. For fiscal 1995
and interim periods during the last two fiscal years other than those in Item 7
below, the adoption of SFAS 128 has not changed the earnings per share
reported in previously submitted Financial Data Schedules.
Item 7. Financial Statements and Exhibits
Exhibit 27.1 Restated Financial Data Schedules for:
(i) Fiscal Year ended August 3, 1996
(ii) Fiscal Year ended August 2, 1997
(iii) Twenty-six weeks ended January 27, 1996
(iv) Thirty-nine weeks ended April 27, 1996
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE NEIMAN MARCUS GROUP, INC.
Date: March 23, 1998 By: /s/ Catherine N. Janowski
Catherine N. Janowski
Vice President and Controller
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheets and consolidated statements of earnings and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> YEAR YEAR 9-MOS 6-MOS
<FISCAL-YEAR-END> AUG-02-1997 AUG-03-1996 AUG-03-1996 AUG-03-1996
<PERIOD-END> AUG-02-1997 AUG-03-1996 APR-27-1996 JAN-27-1996
<CASH> 16,861 12,659 10,832 38,239
<SECURITIES> 128,341 114,392 143,304 169,747
<RECEIVABLES> 56,741 52,350 58,790 56,170
<ALLOWANCES> 1,700 1,300 1,621 1,903
<INVENTORY> 460,412 443,948 421,803 348,733
<CURRENT-ASSETS> 734,043 689,083 691,405 676,047
<PP&E> 754,933 704,824 694,946 677,332
<DEPRECIATION> 300,800 247,199 239,007 225,358
<TOTAL-ASSETS> 1,287,860 1,252,350 1,253,004 1,233,361
<CURRENT-LIABILITIES> 331,492 374,048 358,038 325,430
<BONDS> 300,000 292,000 317,000 342,000
0 407,426 406,930 406,434
0 0 0 0
<COMMON> 499 380 380 380
<OTHER-SE> 554,229 75,227 71,818 60,274
<TOTAL-LIABILITY-AND-EQUITY> 1,287,860 1,252,350 1,253,004 1,233,361
<SALES> 2,209,891 2,075,003 1,589,381 1,115,322
<TOTAL-REVENUES> 2,209,891 2,075,003 1,589,381 1,115,322
<CGS> 1,504,858 1,416,296 1,077,796 757,025
<TOTAL-COSTS> 2,028,909 1,915,548 1,455,235 1,019,922
<OTHER-EXPENSES> 22,361 0 0 0
<LOSS-PROVISION> 2,815 2,385 1,930 1,630
<INTEREST-EXPENSE> 26,330 28,228 21,144 14,257
<INCOME-PRETAX> 154,652 131,227 113,002 81,143
<INCOME-TAX> 63,407 53,803 46,331 33,269
<INCOME-CONTINUING> 91,245 77,424 66,671 47,874
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 91,245 77,424 66,671 47,874
<EPS-PRIMARY> 1.33 1.27 1.18 .88
<EPS-DILUTED> 1.32 1.26 1.17 .87
</TABLE>
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