Guess?

Guess? Inc. (Los Angeles) reported a 40.6 percent increase in net revenues for its first quarter of 2005 ended April 2, 2005.

The apparel company’s retail operations in the U.S. and Canada generated a 17.1 percent increase in revenues in the quarter. Same-store sales increased 4.5 percent.

“Our first quarter financial results were stronger than plan and significantly ahead of last year’s performance,” said president and coo Carlos Alberini. “These improved results reflected primarily a higher than anticipated contribution from our European business, although a portion of this contribution had been planned for the second quarter of 2005. Europe as a region benefited from very robust sales of accessories and stronger-than-expected performance from the European jeanswear business we just acquired.”

In April, the company reported an 8.4 percent increase in retail sales, though same-store sales decreased 1.2 percent.