New York-based apparel, sportswear and swimwear company The Warnaco Group, Inc. has reported its financial results for the second quarter ended July 1.

Net revenues increased 20.5% to $451.6 million, including $63.7 million in revenues from the CKJEA business, acquired on January 31. Intimate Apparel Group net revenues increased by 6.9% compared with the prior year, and Swimwear Group net revenues increased by 17.6% compared with the same period in 2005, driven by Speedo, Michael Kors and Calvin Klein. Sportswear Group net revenues (excluding the CKJEA Business) declined 13.4%.

The increase in net revenues for the second quarter includes approximately $2.5 million related to the translation of foreign currencies, primarily as a result of a stronger euro and Canadian dollar compared with the second quarter of fiscal 2005.

Net income was $3.4 million compared with $6.3 million for the second quarter of 2005, which reflects the continued strength in Intimate Apparel substantially offset by the disappointing performance of the Sportswear Group.