Value men's wear retailer S&K Famous Brands Inc has reported a net income of $157,000 or $0.06 per diluted share for the third quarter ended 30 October, up from $92,000 or $0.04 per diluted share for the same period in 2003.

Total third-quarter sales were $42.6 million compared to $40.3m for the same quarter of last year. Same-store sales for the third quarter rose 2.5 per cent.

For the nine months ended 30 October 2004 net income was $1.81m or $0.68 per diluted share, compared to $1.82m, or $0.71 per diluted share, for the same period last year.

Total sales for the nine months ended October 30, 2004 were $134.0m compared to $125.5m for the first nine months of last year. Same-store sales for the nine months increased 3.9 per cent.