CRWS

GONZALES, La., May 14, 2026 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend on its Series A common stock of $0.08 per share to be paid on July 2, 2026 to stockholders of record at the close of business on June 11, 2026. About Crown Crafts, Inc. Crown Crafts, Inc. designs, markets, and distributes infant, toddler, and juvenile consumer products. Founded in 1957, Crown Crafts is one of America’s largest producers of infant bedding, toddler bedding, diaper bags, bibs, toys and disposable products. The Company operates primarily through its wholly owned subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc., which market a variety of infant, toddler, and juvenile products under Company-owned trademarks (Sassy®, NoJo®, Manhattan Toy®, Baby Boom® and Neat Solutions®), as well as licensed collections and private label programs. Sales are made to retailers such as mass merchants, large chain stores, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, wholesale clubs, internet-based retailers and directly to consumers through the Company’s websites. For more information, visit the Company’s website at www.crowncrafts.com. Forward-Looking Statements The foregoing may contain forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current expectations, projections, estimates and assumptions. Words such as “expects,” “believes,” “anticipates” and variations of such words and similar expressions identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. These risks include, among others, general economic conditions, including changes in interest rates, in the overall level of consumer spending and in the price of oil, cotton and other raw materials used in the Company’s products, changing competition, changes in the retail environment, the Company’s ability to successfully integrate newly acquired businesses, the level and pricing of future orders from the Company’s customers, the extent to which the Company...

Shares of Crown Crafts, Inc. CRWS have lost 4.8% since the company reported its earnings for the quarter ended Dec. 28, 2025, compared with the 1.6% decline in the S&P 500 Index over the same time frame. Over the past month, however, the stock has gained 1.7%, outperforming the S&P 500’s 1.9% decline. For the third quarter of fiscal 2026, ended Dec. 28, 2025, net sales declined 11.3% year over year to $20.7 million from $23.4 million. Gross profit fell 20.3% to $4.9 million from $6.1 million, with gross margin compressing to 23.5% from 26.1% in the prior-year period. Despite lower revenue and margin pressure, net income increased 69.1% to $1.5 million from $0.9 million, while diluted earnings per share rose 55.6% to $0.14 from $0.09. By category, bedding and diaper bags sales dropped 29.8% to $7.8 million from $11.2 million, while bibs, toys and disposable products sales increased 5.8% to $12.9 million from $12.2 million, highlighting a sharp divergence in product performance. Operating income swung to a loss of $0.1 million from income of $1.7 million a year earlier, reflecting lower gross profit and higher expenses. Marketing and administrative expenses increased 12.9% year over year to $4.9 million from $4.4 million and rose to 24% of sales from 18.8%, primarily due to severance costs tied to operational consolidation efforts. Other income swung sharply positive, rising to $2.5 million from a $33,000 expense in the prior-year period, largely due to insurance proceeds related to a representations and warranties policy connected to a recent acquisition. Excluding certain legal and licensing-related costs, the net impact of these proceeds added $2.1 million to income before taxes. On the balance sheet, inventories stood at $31.2 million at quarter-end versus $27.8 million at fiscal year-end, reflecting seasonal build. Total debt was approximately $16.4 million, including $11.3 million under the revolving line of credit. Net cash provided by operating activities for the nine-month period was $7.1 million, slightly above the prior year’s $6.9 million. Crown Crafts, Inc. price-consensus-eps-surprise-chart | Crown Crafts, Inc. Quote Management described the quarter as reflective of a challenging demand backdrop and elevated tariffs, particularly affecting products sourced from China. Gross margin contraction was attributed primarily to increased tariff costs on...

This article first appeared on GuruFocus. Release Date: February 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Net income increased to $1.5 million from $900,000 a year ago, showcasing improved profitability. The company successfully executed pricing and cost actions to offset a challenging sales environment. Crown Crafts Inc (NASDAQ:CRWS) announced the relaunch of the Groovy Girls line, indicating strong internal product development. The company maintained a solid balance sheet and liquidity position, with $10.6 million of additional availability under its revolving credit facility. Insurance proceeds of $2.5 million positively impacted the quarter's income, demonstrating effective risk management. Net sales for the third quarter decreased to $20.7 million from $23.4 million in the prior year quarter. Gross margin declined to 23.5% from 26.1% due to higher tariffs and one-time costs. Marketing and administrative expenses increased by $600,000 due to severance expenses related to operational consolidation. The company faces ongoing challenges from elevated US tariffs and uncertainty from China-based suppliers. The bedding category experienced softness, with consumers opting for lower-cost items, impacting revenue. Warning! GuruFocus has detected 11 Warning Signs with CRWS. Is CRWS fairly valued? Test your thesis with our free DCF calculator. Q: What caused the softness in Crown Crafts' revenue line, and which category was most affected? A: The softness was primarily in the toddler bedding category. Consumers are opting for individual items like blankets instead of full bedding sets, which are more expensive. This shift in consumer behavior is due to the current economic environment where consumers are trading down. - Olivia Elliott, CEO Q: What percentage of Crown Crafts' products are sourced from China, and what is the company's contingency plan if tariffs increase? A: Almost all products, in the high 90%, are sourced from China. The company is exploring alternative sources in countries like Cambodia, Pakistan, and India, but changes are slow due to quality and safety concerns, especially for infant products. - Olivia Elliott, CEO Q: Can you provide more details on the $2.5 million insurance claim benefit? A: The insurance claim was related to a product category dropped at retail after an acqui...

Performance was significantly impacted by a difficult demand environment where consumers are trading down from high-margin bedding sets to lower-priced individual items like blankets. Management attributed the gross margin decline to elevated U.S. tariff rates on China-based production and one-time licensing expenses related to an insurance claim. The company is executing a strategic consolidation of internal operations to eliminate redundant activities and create a leaner structure capable of absorbing raw material and tariff volatility. Inventory strategy remains deliberately conservative to minimize exposure to excess stock in a volatile pricing environment, despite seasonal builds for the Chinese New Year. Strategic focus is shifting toward internal product development, highlighted by the relaunch of the Groovy Girls doll line to capture specialty and direct-to-consumer market share. Supply chain management is prioritizing quality and safety over rapid diversification, as moving specialized molds for plastic toys presents significant technical and cost barriers. Management expects to fully realize the benefits of current cost-cutting initiatives and contract consolidations in the next fiscal year as existing IT and subsidiary agreements expire. The Groovy Girls relaunch is scheduled for May 2026, with initial distribution focused on specialty stores and direct-to-consumer channels before potential mass-market expansion. No further broad-based price increases are planned for the near term, as management believes consumers cannot currently absorb additional costs without further impacting sales volume. The company will revisit warehouse consolidation plans around November 2026, allowing for an 18-month lead time to align with the termination of existing leases in California and Minnesota. International expansion remains a priority, with the new Disney license in Canada expected to contribute as legacy licensor inventory clears out through the current calendar year. The company recorded a $2.5 million benefit from a representation and warranties insurance claim related to a product category dropped by a retailer shortly after an acquisition. Incurred $600,000 in one-time severance expenses during the third quarter as part of the ongoing operational consolidation efforts. High concentration risk remains with approximately 90% of products sourced from China,...

GONZALES, La., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) a producer designer, and distributor of infant, toddler, and juvenile consumer products, today reported results for the third quarter fiscal year 2026, which ended December 28, 2025. Third Quarter Summary Net sales of $20.7 million compared with $23.4 million in the prior-year quarter. Gross profit margin of 23.5% compared with 26.1% in the prior-year quarter. Net income of $1.5 million increased from $0.9 million in the prior-year quarter. Subsequent to the quarter, announced Manhattan Toy’s relaunch of Groovy Girls, an iconic line of soft fashion dolls that will be available starting in May of 2026. Declared a quarterly dividend of $0.08 per share of Series A common stock. “We believe our third quarter results demonstrate the diligent efforts of our team and resilience of our business model as we work to overcome the challenging demand environment and the ongoing effects of higher tariffs,” said Olivia Elliott, President and Chief Executive Officer. “We are committed to driving profitability as we continue to execute on pricing and cost actions to offset the pressure on sales and are encouraged by the positive performance in our bibs, toys and disposable categories during the holiday season.” “Looking ahead, we are thrilled to announce the relaunch of Manhattan Toy’s Groovy Girls and remain focused on what we can control – internal product development, driving mix toward higher-margin product, carefully managing expenses, and prudently managing our balance sheet,” added Ms. Elliott. “We continue to navigate an environment marked by uneven consumer spending and elevated tariffs, but we believe our brands, customer relationships and category positions have us well prepared to enhance long-term shareholder value as conditions normalize.” Third Quarter Fiscal 2026 Results Net sales were $20.7 million for the three-month period ended December 28, 2025, compared with $23.4 million for the three-month period ended December 29, 2024. Gross profit was $4.9 million compared to $6.1 million in the prior-year period, reflecting a gross margin of 23.5%, versus 26.1% of net sales for the same period in 2024. Marketing and administrative expenses increased by $0.6 million to $5.0 million in the current-year quarter due to severance expenses incurred in connection with op...

Image source: The Motley Fool. Wednesday, Feb. 11, 2026 at 9 a.m. ET Chairman and Chief Executive Officer — Olivia Elliott Chief Financial Officer — Claire Spencer Need a quote from a Motley Fool analyst? Email [email protected] Olivia Elliott: Thank you, John, and good morning, everyone. As we noted in the press release issued earlier today, we believe our third quarter results demonstrate the resilience of our business model and the diligent efforts of our team as we work to overcome the challenging demand environment and the ongoing effects of higher tariffs. Net sales for the third quarter were $20.7 million compared with $23.4 million in the prior year quarter, while net income increased to $1.5 million from $900,000 a year ago. We are committed to driving profitability as we continue to execute on pricing and cost actions to offset the sales environment. While we are encouraged by the positive performance in our bibs, toys, and disposable categories during the holiday season, the macro backdrop remains difficult for our category. Elevated U.S. tariff rates have raised product costs and contributed to uncertainty from certain China-based suppliers, while consumer spending remains uneven and price-sensitive. Third quarter gross margin was 23.5% compared with 26.1% in the prior year quarter, despite our ongoing mitigation efforts. Also impacting gross margin were certain one-time costs that Claire will speak to in a moment. Within this environment, we are staying focused on what we can control. For starters, we are very excited about our product pipeline. Earlier this week, we announced Manhattan Toys' relaunch of Groovy Girls, an iconic line of soft fashion dolls that will be available starting in May 2026. This relaunch reflects the strength of Manhattan Toy's portfolio and our commitment to internal product development. We believe Groovy Girls will create opportunities with specialty customers and in direct-to-consumer as we broaden our reach in the juvenile space. Operationally, our supply chain team continues to work closely with our sourcing partners in China and other regions to manage through tariffs, freight, and capacity constraints. The majority of our products are produced by foreign contract manufacturers with the largest concentration in China, and we remain focused on quality, compliance, and reliability while also continuing to evaluate alternat...

GONZALES, La. (AP) — GONZALES, La. (AP) — Crown Crafts Inc. (CRWS) on Wednesday reported earnings of $1.5 million in its fiscal third quarter. On a per-share basis, the Gonzales, Louisiana-based company said it had net income of 14 cents. The maker of children's products posted revenue of $20.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRWS at https://www.zacks.com/ap/CRWS

GONZALES, La., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that it intends to release the results of its operations for the third quarter of fiscal 2026 before the market opens on Wednesday, February 11, 2026. Olivia W. Elliott, President and Chief Executive Officer, and Claire K. Spencer, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on that day to discuss the Company’s results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconference can also be accessed in listen-only mode by visiting the Company’s website at www.crowncrafts.com. The financial information to be discussed during the teleconference may be found on the investor relations portion of the Company’s website after earnings are released. A telephone replay of the teleconference will be available one hour after the call through 4:00 p.m. Central Standard Time on May 11, 2026. To access the replay, dial (855) 669-9658 in the United States or dial (412) 317-0088 from international locations and enter replay access code 7393378. About Crown Crafts, Inc. Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products. Founded in 1957, Crown Crafts is one of America’s largest producers of infant bedding, toddler bedding, diaper bags, bibs, toys and disposable products. The Company operates through its wholly owned subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc., which market a variety of infant, toddler, and juvenile products under Company-owned trademarks (Sassy®, Manhattan Toy®, NoJo®, Baby Boom® and Neat Solutions®), as well as licensed collections and exclusive private label programs. Sales are made directly to retailers such as mass merchants, large chain stores, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, wholesale clubs, internet-based retailers and directly to consumers through the Company’s websites. For more information visit the Company’s website at www.crowncrafts.com. Forward-Looking Statements The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Refo...

Shares of Crown Crafts, Inc. CRWS have gained 5.7% since the company released its results for the quarter ended Sept. 28, 2025, outperforming the S&P 500 Index’s 1.9% decline over the same period. However, over the past month, the stock lost 3.1%, lagging the S&P 500’s 0.1% rise. Crown Crafts’ second-quarter fiscal 2026 results showed mixed top-line performance but stronger earnings. Net sales declined 3.1% to $23.7 million from $24.5 million a year earlier, weighed down by a 13.2% drop in bedding and diaper bag sales. This was partially offset by a 6.6% increase in bibs, toys and disposable products, reflecting broad gains across retailers. Despite lower revenue, net income rose 34.5% to $1.2 million, or $0.11 per share, from $0.9 million, or $0.08 per share, driven by a 13.6% reduction in marketing and administrative expenses to $4.7 million from $5.4 million in the prior-year period. Gross margin slipped to 27.7% from 28.4% due to higher tariff costs on China-sourced goods. Management emphasized that elevated tariffs and supply-chain volatility continued to weigh on margins. CEO Olivia Elliott noted during the earnings call that the tariff environment continued to drive costs and pressure margins, though Crown Crafts remains encouraged by ongoing U.S.–China trade discussions. Inventory ended the quarter at $32.6 million, consistent with seasonal patterns and slightly above fiscal year-end levels. Cash increased to $0.8 million as of Sept. 28, 2025, from $0.5 million as of March 30, 2025, while total indebtedness stood at $16.3 million with $13.7 million available on the credit line. Segment-specific dynamics varied. Bedding and diaper bags were the lone weak spot, hurt by fewer items in a major retailer’s program and by continued margin strain in diaper bags tied to tariffs. Meanwhile, toys and bibs performed well across multiple retailers and benefited from stronger international demand. International sales — particularly in Europe — were cited as a bright spot for both the Sassy and Manhattan Toy brands. Crown Crafts, Inc. price-consensus-eps-surprise-chart | Crown Crafts, Inc. Quote Elliott highlighted CRWS’ ability to expand earnings despite a challenging backdrop, pointing to disciplined cost controls and ongoing integration of last year’s acquisition. She emphasized that while advertising expenses increased, they remain essential to building brand p...

This article first appeared on GuruFocus. Net Sales: $23.7 million, down from $24.5 million in the prior year quarter. Gross Profit: $6.6 million with a margin of 27.7%, compared to 28.4% in the previous year. Net Income: $1.2 million or $0.11 per diluted share, up from $0.08 per share in the prior year quarter. Marketing and Administrative Expenses: Reduced by $740,000 to 19.9% of net sales, down from 22.3% in the prior year. Cash and Cash Equivalents: $810,000, up from $521,000 at the end of fiscal 2025. Inventory Balance: $32.6 million, consistent with prior quarter and year. Indebtedness: $16.3 million with $13.7 million available under revolving line of credit. Quarterly Dividend: Declared $0.08 per share cash dividend. Warning! GuruFocus has detected 11 Warning Signs with CRWS. Is CRWS fairly valued? Test your thesis with our free DCF calculator. Release Date: November 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Crown Crafts Inc (NASDAQ:CRWS) reported stronger second quarter net income, reflecting effective navigation of the current economic environment. The company successfully reduced marketing and administrative expenses by $740,000, improving cost efficiency. Crown Crafts Inc (NASDAQ:CRWS) maintained strong relationships with suppliers, customers, and licensors, ensuring continued business stability. The balance sheet and cash flow remain solid, positioning the company to respond quickly to changes in the market environment. International sales, particularly in Europe, have been a bright spot, with significant increases in the bibs and toys segment. The ongoing tariff landscape, especially on goods sourced from China, continues to pressure margins and affect profitability. Second quarter net sales decreased to $23.7 million from $24.5 million in the previous year, primarily due to a decline in bedding and diaper bag sales. Gross profit margin decreased to 27.7% from 28.4% in the previous year, mainly due to increased tariff costs. The diaper bag category has been struggling due to tariffs, and the company is working to find new sources to reduce costs. Sales from the Manhattan Toy line at Walmart have been mixed, with some products being dropped and replaced. Q: Could you explain where the increase in sales for bibs, toys, and disposable products came from? A: Olivia Elliott, Preside...

GONZALES, La., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the second quarter fiscal year 2026, which ended September 28, 2025. Second Quarter Summary Net sales of $23.7 million compared to $24.5 million in the prior year quarter Gross profit of 27.7 percent compared to 28.4 percent in the second quarter of fiscal 2025 Net income grew to $1.2 million or $0.11 per share, up from $0.9 million or $0.08 per share in the prior year quarter Declared quarterly dividend of $0.08 per share of Series A common stock “Our stronger net income reflects our ability to successfully navigate what is widely believed to be one of the most disruptive backdrops our industry has faced in recent history,” stated Olivia Elliott, President and Chief Executive Officer. “While overall sales declined slightly during the quarter, we were able to grow the bottom line despite tariff costs continuing to pressure margins and overall profitability. We are working diligently to manage costs during this period, successfully reducing marketing and administrative expenses as we integrate last year’s acquisition. Since the end of the quarter, we announced that we are consolidating our internal operations in an effort to eliminate redundant costs and realize additional savings that arise from right-sizing administrative costs. We will continue to search for opportunities to reduce costs while at the same time focusing on increasing sales and market share. Overall, we continue to seek to leverage our prior acquisitions, expand product lines as appropriate, and utilize pricing actions to position the company for success and create long-term shareholder value as consumer demand normalizes.” Second Quarter Fiscal 2026 Results Net sales were $23.7 million for the three months ended September 28, 2025, compared with $24.5 million for the three months ended September 29, 2024. Sales of bedding and diaper bags decreased by $1.6 million, while the sales of bibs, toys and disposable products increased by $0.8 million. Gross profit for the second quarter decreased by $0.4 million from the prior year reflecting a margin of 27.7% as compared to 28.4% in the prior year period, primarily due to increased tariff costs associated with products imported from China. Marketing and administrative expenses improved $0.7 million representing 19.9% of...