Polo Ralph Lauren Corporation has reported net income of $80 million for the first quarter of fiscal 2007 compared with $51 million for the first quarter of fiscal 2006.

Net revenues for the first quarter increased 27% to $954 million compared with $752 million in the corresponding period last year. Excluding the impact of the footwear and Polo Jeans Co. acquisitions, net revenues increased 19%.

Net revenues for the first quarter increased 27% as reported, or 19% excluding the effects of acquisitions, to $954 million compared with $752 million in the first quarter last year. The increase was driven by a 46% increase in reported wholesale sales, or 26% excluding the effects of acquisitions, and a 15% increase in retail sales, slightly offset by a 12% decrease in licensing revenues. Europe drove strong sales across all brands.
 

Licensing was down compared to the first quarter last year.