(Reuters) -Ralph Lauren Corp ( RL ) posted a rise in quarterly revenue on Wednesday, benefiting from steady demand for its pricey denims and polo shirts in Europe and Asia.

Shares of the New York-based company rose 3% in premarket trading.

Steady appetite from wealthier consumers has driven demand for designer fashion at companies such as Canada Goose and Miu Miu-owner Prada, even as their European rivals signaled cooling luxury demand due to a pullback in spending by "aspirational" shoppers and challenges in China.

Ralph Lauren's ( RL ) North America revenue fell 4% to $608 million, while sales in Europe and Asia grew from last year.

The retailer's net revenue rose 1% to $1.51 billion in the first quarter. Analysts on average had expected a decline of 0.46%, according to LSEG data.

The Polo Bear sweaters maker reaffirmed its fiscal 2025 sales and margin expectations.

(Reporting by Savyata Mishra in Bengaluru; Editing by Devika Syamnath)