By  on February 27, 2008

The Warnaco Group Inc. posted a 21 percent jump in fourth-quarter earnings, bolstered by strong sales in its sportswear business.

For the three months ended Dec. 29, earnings "as reported" grew to $22.9 million, or 49 cents a diluted share, from $18.9 million, or 41 cents in the year-ago period. Adjusted earnings, which include restructuring charges among other items, rose 30 percent to $19.5 million, or 42 cents a diluted share, from $15 million, or 32 cents.

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