• Q3 net profit edges up 2.5% to US$12.1m
  • Net sales up 17% to $108.4m
  • Highlights 45% growth in international operating profit

International revenue and profit growth proved key to raising third quarter earnings at True Religion Apparel, despite “challenging” trends for women’s denim in the US.

The company’s consumer direct revenues rose 33.5% to $61.8m in the three months to 30 September, while comparable store sales increased 10.2%.

However, US wholesale revenues dipped 18% to $22m, thanks to difficulties for women’s denim products in the major department store channel.

True Religion was boosted by its international operations, which returned revenue growth of over 30% thanks to new stores in Canada, Germany, the UK and the Netherlands, plus a move to a direct wholesale sales model in Germany and the UK.

“Our international operating profit increased 45% over last year, driven by the strategic investments we made in the past year to take more direct control of our business, especially in Germany, Canada and the UK,” said Jeffrey Lubell, True Religion chairman, CEO and chief merchant.