Athletic footwear maker K-Swiss Inc on Thursday reported a 49 per cent jump in third quarter worldwide revenues to $121.56 million compared with $81.60 million in the prior-year period.

The Westlake Village, California-based company said domestic revenues increased 52.6 per cent to $105.45 million in the three months to 30 September 2003, and international revenues increased 29.1 per cent to $16.10 million.

Net earnings and net earnings per diluted share for the third quarter of 2003 increased 84.8 per cent and 90.5 per cent, respectively, to $15.10 million, or $0.80 per diluted share, compared with $8.17 million, or $0.42 per diluted share, in the same period last year.

K-Swiss, which also designs and manufactures footwear under the Royal Elastics and National Geographic brands, added that total worldwide revenues for the first nine months of 2003 increased 47.3 per cent to $349.33 million compared with $237.14 million in the first nine months of 2002.

In a statement K-Swiss said worldwide futures orders with start ship dates from October 2003 through March 2004 increased 46.9 per cent to $193.96 million at 30 September 2003, compared with $132.04 million last year.

K-Swiss also issued guidance for the fourth quarter of 2003 and said it expects revenues to be approximately $75 to $80 million and earnings per diluted share to be in the range of $0.37 to $0.42.

The Company expects full year revenues to be approximately $425 to $430 million and expects to report full year earnings per diluted share of approximately $2.55 to $2.60.