Second-quarter profit at youth apparel maker Guess?? Inc has soared by 230%, boosted by strong demand for its fashions in the North American and European markets.

For the second quarter ended 1 July 2006, net earnings rose to $13.7m from $4.2m in the same period last year.

Diluted earnings per share increased 233.3% to $0.30 per share in the current quarter versus $0.09 per share in the second quarter last year.

Paul Marciano, co-chairman and Co-CEO, said: "Our revenue growth was driven by a very positive customer response to our product assortment and mix, improved execution within our North American retail and wholesale divisions, and the continued success of our European and licensing businesses."

He added: "While we remain cautious regarding consumer spending and customer traffic, we are confident about our business growth in Europe and licensing expansion in all categories."
 
Total net revenue for the second quarter increased 29.6% to $231.0m from $178.2m in the second quarter of 2005.

Retail revenues in the US and Canada climbed 23.4% to $163.9m in the second quarter, and same store sales were up by 17.4%. Wholesale revenues increased 18.2% to $30.8m.

Net sales at the company's European operations climbed 130.1% to $22.8m in the second quarter.

For the six month period, net earnings increased 136.3% to $29.1m from $12.3m in the same period of 2005. Net revenue rose 24.4% to $490.0m.