The Warnaco Group, Inc. has announced that it expects fiscal 2005 revenues to be approximately $1.5 billion, which represents a 5.7% increase over fiscal 2004.

The expected increase is less than the company's targeted high single-digit sales growth, primarily due to  a decrease of higher margin swimwear sales in excess of $15 million during the fourth quarter of fiscal 2005; fewer than expected replenishment orders of intimate apparel, sportswear and denim product offerings; and  the company's inability to timely deliver product to meet demand for certain intimate apparel product offerings.

"Although these preliminary results demonstrate improvement over the prior year, we are nonetheless disappointed that we did not reach all of our financial goals for 2005," said Joe Gromek, president and CEO.

The Warnaco Group designs and markets intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under brands including Warner's, Lejaby, Speedo, Ocean Pacific, and Chaps sportswear.