Sports wear maker Everlast Worldwide Inc has reported little change in its net revenues for the nine months ended 30 September 2004 of $46.5 million compared to $46.2m in the same period of 2003.

Net licensing in the nine-months rose 44 per cent to $7.0m.

For the third quarter and corresponding 2003 period, net revenues fell to $15.8m from $17.7m in 2003. Net licensing revenues rose 55.5 per cent to $2.5m compared to $1.6m in the 2003 period.

George Q Horowitz, chairman and chief executive, said: "I expect our 2004 full year net licensing revenues to exceed $9 million which will be at least a 40 per cent increase over 2003 net licensing revenues."

Mr Horowitz added: "During the third quarter our net sales were unfavourably impacted by regional truck shortages and west coast port problems limiting our ability to ship outstanding orders existing within our backlog.

"In addition, certain merger integration issues affecting our larger customers resulted in delays in placing forecasted third quarter orders that are now being shipped in the fourth quarter."