Apparel and accessories retailer Guess? said it has doubled its third-quarter profit from last year on a strong revenue increase.

Quarterly net earnings leapt a massive 133.8% to US$48.4m from $20.7m while net revenue rose 31.3% to $348.7m.

Co-chairman and co-CEO Paul Marciano said: "Our revenues and earnings came in stronger than our expectations across all businesses and geographic regions of the world.

"Our operating results show the power and the potential of our business model with each of our businesses achieving significant growth and margin expansion in the quarter."

Marciano added that the company's operating margin grew by 780 basis points.

For the nine months ended 30 September, Guess said net earnings jumped 134.7% while net revenue grew 27.2%.

Guess? designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, accessories and related consumer products.

Guess recently signed a joint-venture deal for the Mexican market with an affiliate of Grupo Axo.

The JV, a majority of which is owned by Guess?, will manufacture, distribute at wholesale and sell at retail Guess? fashion apparel, accessories and other related products.