The last time we checked in on children's apparel specialist Children's Place (Nasdaq: PLCE), the retailer had just recently applied the finishing touches on an impressive fourth quarter that saw same-store sales advance 17% and revenues nearly double. At the same time, my two-year-old son was busy wearing out his expensive new clothes with the help of a few impromptu mud-puddle parties in the back yard. Several months later, he has developed more of an affinity for ketchup and flour, and Children's Place is still consistently posting impressive top-line growth, with first-quarter revenues climbing nearly two-thirds higher to $369.2 million.
The acquisition of Disney's (NYSE: DIS) retail operations last November continues to fuel much of the growth, with the Disney store chain tallying $88.5 million in sales for the quarter. Even without that help, though, revenues still jumped 24%, driven by a solid 13% gain in same-store sales at Children's Place. While still healthy, comps appear to be slowing somewhat from the torrid upper-teens pace that seemed to be the norm for much of last year.