Lifestyle fashion company Guess? has reported a 74.9 per cent leap in third-quarter profit, encouraged by a good performance of the company's European division.

Guess said third-quarter net income totalled $20.7 million compared to income of $11.8m last year.

Net revenue for the quarter grew 34.3 per cent to $265.6m from $197.8m a year ago. Retail sales in the US and Canada posted an 18.3 per cent rise in revenue to $156.3m from $132.1m last year.

Same-store sales increased 8.9 per cent third quarter compared to the year before.

Net revenue from the company's wholesale segment decreased 9.3 per cent to $31.0m in the third quarter of 2005 from $34.1m in the prior-year period. 

Net revenue from the company's European operations segment increased 272.1 per cent to $64.4m in the third quarter of 2005, compared to $17.3m in the prior year period, following the acquisition of the company's European jeans wear licensee on 3 January 2005. 

Licensing segment net revenue decreased 2.7 per cent to $13.9m in the third quarter of 2005 from $14.3m in the prior year period. 

Paul Marciano, co-chairman and co-chief executive officer, said: "We believe that the significant revenue growth reflects a very positive customer response to our product assortment and mix, and the success of our European business."

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