Athletic footwear and clothing giant, Reebok International Ltd, has posted stable results for the first quarter ended March 31 2004. The US company reported that its net income, at $41 million or $0.63 per diluted share, came in at the same level as Q1 2003 while net sales were up 4% to $832 million.

For the Reebok Brand, worldwide sales rose 5% to $697 million, while revenues for the company’s Rockport, Ralph Lauren Footwear and The Greg Norman Collection brands went up 0.75% to $135 million in total.

In the US, sales for the Reebok Brand increased 4% while footwear revenues rose 2% to $261 million and apparel sales went up 9% to $89 million.

Looking forward, Paul Fireman, chairman and CEO commented: “With respect to 2004 guidance, we are currently trending on our sales and earnings growth targets that we laid out at year end.  For the year, our goal is to increase our overall sales somewhere in the mid single digit range and to grow our earnings in the range of 15%.”

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