Luxury goods brand Polo Ralph Lauren said it has upped its expectations for the first quarter of fiscal 2007 after enjoying better global product demand and more full-price sell-throughs both at retail stores and at better department and specialty stores.

Based on preliminary quarterly results, Polo expects expects consolidated revenue growth to be in the mid-twenties per cent compared to last year's first quarter.

In addition, it expects operating margins to be 200 to 300 basis points higher than the comparable quarter last year.

Previously, the company had indicated that consolidated revenue growth would range from the high teens to low twenties percent and that operating margins would be slightly lower than the first quarter of fiscal 2006.