New York-based apparel, sportswear and swimwear retailer The Warnaco Group, Inc. has reported that net revenues for its third quarter ended September 29 rose 13% to $474.8 million compared with $419.6 million in the prior-year period. Swimwear group revenues fell $5 million to $35.2 million, while sportswear group revenues increased 14% to $265.1 million.

Income was $11.4 million compared with $25.8 million in the same quarter of 2006, including restructuring expense of $14.6 million and $0.10 million, respectively.

The company has raised its full-year guidance based on continued positive momentum in the business. It now expects net revenues to grow 11%-12% compared with 2006 levels.

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