Neiman Marcus Swings to Q2 Profit

DALLAS—Neiman Marcus Inc. swung to a second-quarter profit of $4 million, up from last year’s Q2 loss of $509.2 million, which included non-cash impairment charges of $560.1 million.

Sales for the quarter were flat to up slightly at $1.10 billion compared to the prior year’s Q2 revenue of $1.08 billion. Same-store sales were down 0.6 percent.