The Warnaco Group Inc.’s second-quarter profits jumped 68.5 percent as sales climbed 14 percent, the company said Thursday.
For the three months ended July 3, income was $29.9 million, or 65 cents a diluted share, from $17.8 million, or 38 cents, a year ago. Revenues rose to $519.3 million from $455.4 million. By category, the intimate apparel group posted the highest percentage gain at 17.9 percent to $199.1 million, followed by the sportswear group at 15.1 percent to $244 million. Rounding out the business segments was the swimwear group, up 2.4 percent to $76.2 million. Operating profits increased at all three groups.
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