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CROWN CRAFTS (CRWS)

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Earnings summaries and quarterly performance for CROWN CRAFTS.

Recent press releases and 8-K filings for CRWS.

Crown Crafts Discusses Strategy, Market Position, and Financial Priorities at ICR Conference
CRWS
Dividends
M&A
Management Change
  • Crown Crafts maintains an 11% dividend yield and has made debt reduction a top priority for FY 2026, alongside investing in organic product development and maintaining regular dividend payments.
  • The company holds significant market share in toddler bedding (80%-90%) and bibs (50%), with products primarily distributed through Walmart, Amazon, and Target.
  • Strategic acquisitions in toys (2017, 2023) and diaper bags (2024) have expanded its pure-play infant, toddler, and juvenile product lines.
  • To counter economic challenges like consumer trade-downs and tariffs, Crown Crafts completed price increases to retailers by October 2025 and is pursuing organic international expansion.
  • Claire Spencer joined as CFO in June 2025, while CEO Olivia Elliott has 25 years of experience with the company, including 4 years as CEO.
Jan 13, 2026, 6:00 PM
Crown Crafts Discusses Strategic Growth, Financial Priorities, and Market Outlook at ICR Conference
CRWS
Dividends
M&A
New Projects/Investments
  • Crown Crafts (CRWS) maintains an 11% dividend yield and has prioritized reducing debt, investing in organic product development, and maintaining regular dividend payments for the current year.
  • The company is a market leader in bibs (50% share) and toddler bedding (80-90% share), with significant opportunities for growth in other categories, expanded distribution, direct-to-consumer sales, and international markets.
  • Management is optimistic about fiscal 2027 (starting April 2026), anticipating recovery from tariff impacts after successfully implementing price increases to retailers by October 2025.
  • Strategic initiatives include continuous new product development, reducing SKU count, and consolidating two warehouses into one in the coming years to improve efficiency.
  • International expansion is a key organic growth strategy, leveraging existing distributors and combining product lines, with expectations for significant growth in the next five years due to tariff advantages abroad.
Jan 13, 2026, 6:00 PM
Crown Crafts Reports Q2 2026 Results with Increased Net Income Despite Sales Decline
CRWS
Earnings
Demand Weakening
New Projects/Investments
  • Crown Crafts reported net sales of $23.7 million for Q2 2026, down from $24.5 million in the prior year, primarily due to a $1.6 million decline in bedding and diaper bags, partially offset by an $800,000 increase in bibs, toys, and disposable products.
  • Net income for Q2 2026 increased to $1.2 million, or $0.11 per diluted share, from $0.08 in the year-ago quarter, largely due to a $740,000 reduction in marketing and administrative expenses.
  • Gross profit margin for the quarter was 27.7%, a decrease from 28.4% in the prior year, mainly attributed to increased tariff costs on products imported from China.
  • The company is consolidating internal operations of its Sassy and NoJo subsidiaries to reduce payroll and eliminate redundant IT costs, with savings expected to materialize as contracts expire throughout the year.
  • International sales, particularly for Manhattan Toy and Sassy in the bibs and toy categories, are performing strongly, especially in Europe, and are considered a "bright spot" for the business.
Nov 12, 2025, 2:00 PM
Crown Crafts Announces Q2 Fiscal 2026 Financial Results
CRWS
Earnings
Dividends
Demand Weakening
  • Crown Crafts, Inc. reported net sales of $23.7 million for the second quarter of fiscal year 2026, a slight decrease from $24.5 million in the prior year quarter.
  • Despite the sales decline, net income increased to $1.2 million or $0.11 per share, up from $0.9 million or $0.08 per share in the prior year quarter.
  • Gross profit margin decreased to 27.7% from 28.4% in the prior year, primarily due to increased tariff costs.
  • The company reduced marketing and administrative expenses by $0.7 million, representing 19.9% of net sales, and announced plans to consolidate internal operations for further savings.
  • A quarterly cash dividend of $0.08 per share was declared, payable on January 2, 2026.
Nov 12, 2025, 12:01 PM
Crown Crafts Reports Second Quarter Fiscal 2026 Results
CRWS
Earnings
Dividends
Demand Weakening
  • Crown Crafts, Inc. reported net sales of $23.7 million for the second quarter of fiscal year 2026, which ended September 28, 2025, compared to $24.5 million in the prior year quarter.
  • Net income grew to $1.2 million or $0.11 per share for the second quarter of fiscal 2026, up from $0.9 million or $0.08 per share in the prior year quarter.
  • The gross profit margin decreased to 27.7% for the second quarter of fiscal 2026, compared to 28.4% in the second quarter of fiscal 2025, primarily due to increased tariff costs.
  • Marketing and administrative expenses improved by $0.7 million, representing 19.9% of net sales for the three months ended September 28, 2025, down from 22.3% in the prior year period.
  • The Board of Directors declared a quarterly cash dividend of $0.08 per share.
Nov 12, 2025, 11:54 AM
Crown Crafts Announces Fourth Quarter and Fiscal 2025 Financial Results
CRWS
Earnings
M&A
Dividends
  • Crown Crafts reported a GAAP net loss of $(10.8) million or $(1.04) per diluted share for the fourth quarter of fiscal 2025, and a GAAP net loss of $(9.4) million or $(0.90) per diluted share for the full fiscal year 2025.
  • The company recorded a non-cash goodwill impairment charge of $13.8 million during the quarter ended March 30, 2025, which significantly impacted GAAP results. Excluding this charge, adjusted net loss for Q4 2025 was $(429,000) or $(0.04) per diluted share, and adjusted net income for fiscal 2025 was $1.0 million or $0.10 per diluted share.
  • Net sales for the fourth quarter of fiscal 2025 increased 2.9% to $23.2 million compared to the prior-year quarter, driven by sales from the Baby Boom acquisition. Fiscal 2025 net sales were $87.3 million, essentially flat with fiscal 2024.
  • The Board of Directors declared a quarterly cash dividend of $0.08 per share of Series A common stock on May 14, 2025.
Jun 25, 2025, 12:00 AM
Crown Crafts Announces Q3 2025 Financial & Operational Updates
CRWS
Earnings
Dividends
M&A
  • Reported net sales of $23.3 million (a slight decline from $23.8 million due in part to the integration of the Baby Boom acquisition contributing $3.8 million) with net income of $893K, gross profit of $6.1 million, and a gross margin of 26.1% (vs. 27%) .
  • Declared a quarterly cash dividend of $0.08 per share to be paid on April 4, 2025, reflecting its commitment to shareholders .
  • Noted an increase in operating cash flow to $7 million YTD, along with borrowings rising to $20.9 million for acquisition funding, while the cash balance strengthened to $1.1 million .
  • Outlined warehouse relocation plans and immediate supplier price adjustments to counter a 10% tariff on Chinese imports, underscoring ongoing operational strategies .
  • Introduced new product initiatives, including an updated doll line and refreshed Manhattan Toy offerings, signaling a strategic push in product innovation .
  • Scheduled a teleconference to discuss these Q3 2025 results and outlook amid a challenging economic environment .
Feb 12, 2025, 12:00 AM