• Q2 profit increased 90.6% to $40.1m
  • Revenue rose 9.2% to reach $1.28bn 
  • Comparable sales were up by 9%

US upscale department store operator Neiman Marcus saw second-quarter profit almost double on the previous year as interest expenses fell and revenue rose.

For the quarter ended 28 January, net income increased 90.6% to $40.1m as revenue increased 9.2% to reach $1.28bn. Comparable sales rose 9%. Interest expenses declined by 22% to $43.1m over the quarter.

For the half, net income increased 89.2% to $88.5m on the back of an 8.6% increase in revenue to reach $2.28bn.