Financial Performance - Net sales for Q2 fiscal 2025 were $24.5 million, a slight increase from $24.1 million in the prior-year quarter, driven by the acquisition of Baby Boom which contributed $3.4 million in net sales[1][3] - Gross profit margin improved to 28.4% in Q2 fiscal 2025, up from 27.3% in the same period last year, primarily due to product mix changes[1][4] - Net income for Q2 fiscal 2025 was $860,000, or $0.08 per diluted share, compared to $1.8 million, or $0.18 per diluted share in the prior-year quarter, impacted by $788,000 in acquisition-related costs[1][4] Acquisition of Baby Boom - The company acquired Baby Boom Consumer Products, Inc. on July 19, 2024, which contributed $3.4 million in net sales during the quarter[2][3] - Marketing and administrative expenses increased to $5.4 million in Q2 fiscal 2025, up from $4.0 million in the prior-year quarter, including $788,000 related to the Baby Boom acquisition[4] - Total assets increased to $99.35 million as of September 29, 2024, up from $82.71 million at the end of the previous fiscal year, driven by the acquisition of Baby Boom[10] - Long-term debt rose to $18.76 million as of September 29, 2024, compared to $8.11 million at the end of the previous fiscal year, reflecting financing for the Baby Boom acquisition[10] Dividends - The company declared a quarterly cash dividend of $0.08 per share of Series A common stock, payable on January 3, 2025[5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File No. 1-7604 Crown Crafts, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. ...

Crown Crafts, Inc. (CRWS) reported a loss per share of 3 cents in the first quarter of fiscal 2025 against the year-ago quarter's earnings of 4 cents per share. Revenues in Detail Crown Crafts registered revenues of $16.2 million in the fiscal first quarter, down 5.3% year over year. Per management, the decrease was primarily due to a major retailer reducing inventory levels and the loss of a program at another major retailer. Segment Details Crown Crafts derives revenues from two segments — Bedding, blanke ...

Crown Crafts, Inc. (NASDAQ:CRWS) Q1 2025 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants John Beisler - SVP, Three Part Advisors Olivia Elliott - President and CEO Craig Demarest - VP and CFO Conference Call Participants Douglas Ruth - Lenox Financial Services Josh Peters - Morgan Dempsey Operator Good day, and welcome to the Crown Crafts, Inc. First Quarter Fiscal Year 2025 Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event ...

Exhibit 99.1 For immediate release August 14, 2024 Crown Crafts Announces Financial Results for First Quarter Fiscal 2025 Gonzales, Louisiana – Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the "Company") today reported results for the first quarter of fiscal year 2025, which ended June 30, 2024. First Quarter Summary ● Net sales of $16.2 million, compared with $17.1 million in the prior-year quarter ● Gross profit was 24.5% of net sales in the current quarter, 27.7% in the prior-year quarter ● Net loss of $322,000 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File No. 1-7604 Crown Crafts, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Empl ...

"We are excited to extend our 20-year-plus relationship with Crown Crafts by providing this latest financing," said Mike Hudgens, president of CIT Commercial Services. "Their acquisition of the assets of Baby Boom Consumer Products is another milestone in Crown Crafts' growth trajectory and we look forward to continuing to serve their financing needs in the future." Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products. Founded in 1957, Crown Crafts is one of Ame ...

GONZALES, La., July 22, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) ("Crown Crafts" or the "Company") today announced that it has acquired substantially all of the assets of Baby Boom Consumer Products, Inc. ("Baby Boom"), a leading provider in the toddler bedding and diaper bag categories. Baby Boom designs, sources, markets and sells high-quality and functional toddler bedding and diaper bags. In addition to its own brands, Baby Boom offers licensed products, including Bluey, Ms. Rachel, ...

Revenues in Detail Crown Crafts' operations consist of two business segments — Bedding, blankets and accessories, and Bibs, toys and disposable products. Crown Crafts' Gross Margin The marketing and administrative expenses during fiscal 2024 were $16.1 million, up 27.3% from the comparable fiscal 2023 period. The increase was primarily attributed to costs incurred by Manhattan and Manhattan Toy Europe Limited, which were $3.9 million higher than the prior fiscal year and included credit losses and advertisi ...

Crown Crafts, Inc. (NASDAQ:CRWS) Q4 2024 Earnings Conference Call June 28, 2024 9:00 AM ET Company Participants John Beisler - Senior Vice President, Three Part Advisors Olivia Elliott - President and Chief Executive Officer Craig Demarest - Vice President and Chief Financial Officer Conference Call Participants Douglas Ruth - Lenox Financial Services John Deysher - Pinnacle Value Fund Dennis Scannell - Rutabaga Capital Operator Good day and welcome to the Crown Crafts, Inc. Fourth Quarter Fiscal Year 2024 ...