Value-priced men's apparel chain S&K Famous Brands Inc on Tuesday reported a sharp rise in second quarter net profit as it was boosted by strong revenue and same-store sales growth.

The Virginia-based operator of 234 stores posted net income for the quarter ended August 2 $301,000, or 12 cents per diluted share, compared to $55,000, or two cents per share, in the same period last year.

Total sales rose nine per cent to $39.4 million from $36.1m with same-store sales also up nine per cent.

President and CEO, Stewart Kasen, said in a statement: "The company's second quarter pre-tax earnings were significantly higher than last year.

"Most of this quarter's elevated inventory levels were planned to fuel higher sales. We are pleased with our first half results."