Company Overview - Crown Crafts, Inc. designs, markets, and distributes infant, toddler, and juvenile consumer products, and is one of America's largest producers of infant bedding, toddler bedding, bibs, toys, and disposable products [8] - The company operates through wholly owned subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc., marketing a variety of products under company-owned trademarks, licensed collections, and exclusive private label programs [8] Upcoming Financial Results - Crown Crafts, Inc. plans to release its fourth quarter and full year results for fiscal 2024 before the market opens on June 28, 2024 [6] - A teleconference will be hosted by the President and CEO, Olivia W. Elliott, and the Vice President and CFO, Craig J. Demarest, at 8:00 a.m. Central Daylight Time to discuss the results and answer questions [6] Teleconference Details - Interested individuals can join the teleconference by dialing (844) 861-5504 or by visiting the company's website for a listen-only mode [2] - A replay of the teleconference will be available one hour after the call until 4:00 p.m. Central Daylight Time on September 28, 2024 [7]

GONZALES, La., May 14, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ: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 5, 2024 to stockholders of record at the close of business on June 14, 2024. 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 produ ...

GONZALES, La., April 17, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the 27th Annual Burkenroad Reports Investment Conference on Friday, April 26, 2024, to be held at The Westin New Orleans Hotel.  The Company's presentation is scheduled for 9:30 a.m. Central Daylight Time. About Burkenroad Reports Burkenroad Reports w ...

GONZALES, La., April 17, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the 27th Annual Burkenroad Reports Investment Conference on Friday, April 26, 2024, to be held at The Westin New Orleans Hotel.  The Company’s presentation is scheduled for 9:30 a.m. Central Daylight Time. About Burkenroad Reports Burkenroad Repor ...

Financial Data and Key Metrics Changes - Net sales for the third quarter of fiscal 2024 increased approximately 25% to $23.8 million compared to $19 million in the prior year quarter, attributed to the addition of Manhattan Toy, which contributed $6 million in net sales [41] - Gross profit for the quarter was 27% compared to 23.7% in the third quarter of fiscal 2023, indicating a return to historical margin levels [5] - Net income for the quarter was $1.7 million or $0.17 per diluted share compared to net income of $1.3 million or $0.13 per diluted share in the prior year quarter [5] - Cash and cash equivalents at the end of the third quarter were $683,000 compared to $1.7 million at the end of fiscal 2023 [32] Business Line Data and Key Metrics Changes - Inventory at the end of the quarter was $34.9 million compared to $34.2 million at the end of fiscal 2023, with NoJo and Sassy inventory levels declining from $25.8 million last year to $22.7 million this year [4] - Marketing and administrative expenses increased to $4.1 million in the current year quarter from $2.7 million in the prior year quarter, primarily due to expenses associated with Manhattan Toy [5] - The Toy category is projected to represent nearly half of overall sales for fiscal 2024, up from just 17% at the end of fiscal 2023 [6] Market Data and Key Metrics Changes - The reopening of 11 buybuy Baby stores is expected to provide gradual benefits as they roll out more locations, which will enhance consumer access to products [14] - The company continues to face economic pressures affecting consumer discretionary income, particularly at the lower end of the income scale due to higher interest rates and the resumption of student loan repayments [14] Company Strategy and Development Direction - The company is focused on long-term strategic growth, particularly in the Toy category through market share expansion within Sassy and Manhattan Toy [6] - Plans to enter new and adjacent product categories through organic growth and strategic acquisitions are underway, with product development aimed at bringing select items from the Manhattan Toy lineup into Walmart [33] - The company is exploring operational efficiencies, including the potential combination of warehouses and possibly relocating to reduce manufacturing costs [45][47] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a more favorable economic outlook as the year progresses, despite ongoing inflationary pressures on consumers [30] - The long-term prospects of the company remain favorable, supported by a strong track record and commitment to delivering shareholder value [43] Other Important Information - The company paid a regular quarterly dividend of $0.08 per share and declared the next dividend to be paid in April, offering an annualized yield of just over 6% based on the previous closing price [32] Q&A Session Summary Question: Can you talk about the success in lowering Manhattan Toy manufacturing costs? - The company has managed to achieve some decreases in manufacturing costs across various channels and is hopeful for further reductions as they deplete higher-cost inventory [45][46] Question: What is happening with the potential combination of warehouses? - The company is in the early stages of exploring warehouse locations, possibly outside California, with a commitment to a long-term solution expected within the next 18 months [47]

GONZALES, La., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the third quarter fiscal year 2024, which ended December 31, 2023. Third Quarter Summary Net sales of $23.8 million, an increase of 25.2% from the prior-year quarter Gross profit as a percentage of net sales of 27.0%, up from 23.7% in the third quarter of fiscal 2023Net income of $1.7 million, or $0.17 per diluted share, compared to $1.3 million or $0.13 per diluted share in the prior ...

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 December 31, 2023 ☐ 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) Delaware 58-0678148 (State or other jurisdiction of inc ...

GONZALES, La., Feb. 07, 2024 (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 fiscal year 2024 before the market opens on Wednesday, February 14, 2024. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, 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 ...

Start Time: 09:00 January 1, 0000 9:08 AM ET Crown Crafts, Inc. (NASDAQ:CRWS) Q2 2024 Earnings Conference Call November 15, 2023, 09:00 AM ET Company Participants Olivia Elliott - President and CEO Craig Demarest - VP and CFO John Beisler - Three Part Advisors, IR Conference Call Participants Operator Hello and welcome to the Crown Crafts, Inc. Second Quarter Fiscal Year 2024 Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an ...

Note 13 – Subsequent Events The Company has evaluated all other events which have occurred between October 1, 2023 and the date that the accompanying unaudited condensed consolidated financial statements were issued, and has determined that there are no other material subsequent events that require disclosure. 14 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING INFORMATION Certain of the statements made in this Quarterly Report on Form 10-Q (this ...