The US athletic footwear and apparel giant Reebok has posted healthy profits for the full year and fourth quarter 2002.

Earnings came in $132 million or $2.04 a share – a full 23% up on the year before - while sales rose 5% to $3.12 billion.  Reebok brand sales meanwhile increased 6% to $2.59 billion, with the remainder being made up by smaller business units such as Rockport, Ralph Lauren Footwear and the Greg Norman Collection.  An 11% increase was seen in the worldwide backlog of open customer orders for delivery in the first half of 2003.

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