Revenues rise at Warnaco
28/02/2007
New York-based apparel company The Warnaco Group, Inc. has posted higher revenues for its fourth quarter and full year, ended December 30.
During the fourth quarter, net revenues increased 35.6% to $480.6 million compared with $354.5 million in the same quarter of 2005. Net income was $18.9 million compared with $6.9 million in the prior year quarter.
For the full year, net revenues increased 23.8% to $1.83 billion from $1.48 billion in 2005. Income totalled $73.6 million compared with $55.5 million.
2007 net revenues are expected to grow in the mid-single digits over 2006 levels.
Excluding results from the acquired Calvin Klein Jeans and related businesses in
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