Budget men's apparel retailer S&K Famous Brands Inc has posted a third quarter net income rise of 54 per cent to $186,000, up from a loss of $202,000 in the same period last year.

The Virginia-based company, which operates 239 stores across the United States, also saw total sales rise to $38.4 million for the quarter, up from $36.1m in the same period a year prior.

Same-store sales, meanwhile, rose six per cent year-on-year.

In the year to date, S&K has opened seven new outlets, relocated four existing outlets and closed four stores.