• Q3 net profit up 41% to US$41.2m
  • Revenues rise 2.2% to $1.04bn
  • Adjusted earnings down, focuses on cost control

Third quarter underlying profits fell at apparel and footwear business The Jones Group, despite a 41% surge in declared earnings.

The US company saw net revenues edge up slightly in the three months to 1 October, focusing on controlling costs and inventory, and achieving results “in line with our expectations”, according to CEO Wesley Card.

“Although we are operating in an uncertain retail landscape, we are confident that we are taking the right steps to position Jones for continued operating improvement,” he added.

“We have successfully aligned our plans with the current consumer environment and will continue to be prudent in our spending, while actively pursuing the company’s strategy.”