True Religion Apparel is expecting to report net fourth quarter sales of US$52.4m, an increase of 75.9% from $29.8m in the same period last year, and predicts further growth in its next fiscal year.

The company, popular for its jeans and denim apparel, said that for the year ended 31 December, net sales will be around $173.0m, above previously guidance of $167.0m, and representing an increase of 24.4% over 2006.

"Our record fourth quarter and year ended 2007 sales growth reflect the strength of our expanded product assortment and continued growth in our consumer direct business," said Jeffrey Lubell, chairman and chief executive officer of True Religion.

"We experienced widespread growth across all of our business segments driven by the strength of our Fall and Holiday 2007 collection.

"As a result, our US Wholesale business experienced year-over-year increases in net sales of 64% and 25% for the fourth quarter and second half of 2007, respectively."

In its outlook, True Religion said it expects net sales of $210 to $215m, up 21% to 24%, in the year ahead. Earnings per diluted share are anticipated to be between $1.48 and $1.52 for the year.

Lubell said, "We expect our accelerated sales growth momentum to continue in 2008 with the launch of innovative new products, the continued expansion of our branded retail stores, and by increasing our points of presence both domestically and abroad."