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 July 2, 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) (State or other jurisdiction of incorporation) (IRS Employer ...

Government Regulation and Environmental Control The Company is subject to various federal, state and local environmental laws and regulations, which regulate, among other things, product safety and the discharge, storage, handling and disposal of a variety of substances and wastes, and to laws and regulations relating to employee safety and health, principally the Occupational Safety and Health Administration Act and regulations thereunder. The Company believes that it currently complies in all material res ...

Crown Crafts, Inc. (NASDAQ:CRWS) Q4 2023 Earnings Conference Call June 22, 2023 11:00 AM ET Company Participants John Beisler - Investor Relations Olivia Elliott - President and Chief Executive Officer Craig Demarest - Vice President and Chief Financial Officer Conference Call Participants John Deysher - Pinnacle Operator Good morning and welcome to the Crown Crafts Financial Results for the Fourth Quarter and Full-Year Fiscal 2023. All participants will be in listen-only mode. [Operator Instructions] After ...

Crown Crafts, Inc. (NASDAQ:CRWS) Q3 2023 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Craig Demarest - Vice President and Chief Financial Officer Olivia Elliott - President and Chief Executive Officer Conference Call Participants Michael Bernstein - Laurelcrest Capital John Deysher - Pinnacle Operator Good day, and welcome to the Crown Crafts, Incorporated. Third Quarter Fiscal Year 2023 Conference Call. All participants will be in listen-only mode. [Operator Instructions] Aft ...

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 January 1, 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 (IRS Employer Identification No.) (St ...

Crown Crafts, Inc. (NASDAQ:CRWS) Q2 2023 Earnings Conference Call November 16, 2022 11:00 AM ET Company Participants Craig Demarest - Vice President & Chief Financial Officer Olivia Elliott - President & Chief Executive Officer Conference Call Participants Operator Good morning and welcome to the Crown Crafts Second Quarter Fiscal Year 2023 Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Craig Demarest, Vice President and Chi ...

[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 October 2, 2022 ☐ 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 inco ...

Crown Crafts, Inc. (NASDAQ:CRWS) Q1 2023 Earnings Conference Call August 17, 2022 2:00 PM ET Company Participants Craig Demarest - Chief Financial Officer Olivia Elliott - President and Chief Executive Officer Conference Call Participants Tony Chiarenza - Key Equity Investors John Deysher - Pinnacle Operator Hello and good day. Welcome to the Crown Craft Inc. First Quarter Fiscal Year 2023 Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the confere ...

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 July 3, 2022 ☐ 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 incorporation)(IRS ...

Financial Data and Key Metrics Changes - Fourth quarter net sales increased to $25.7 million from $21.8 million year-over-year, representing a growth of 17.7% [6][15] - Fiscal year 2022 net sales were $87.4 million, up from $79.2 million in the previous year, marking a 10.4% increase [7][16] - Fourth quarter net income rose to $2.4 million, compared to $238,000 in the prior year, with adjusted net income at $2.6 million excluding Carousel impacts [9][25] - Fiscal year net income was $9.9 million, up from $6.1 million, with adjusted figures at $9 million when excluding Carousel and including a $2 million gain from PPP loan forgiveness [10][25] Business Line Data and Key Metrics Changes - Sales of bibs, bath, developmental toys, feeding, baby care, and disposable products increased by $9.9 million, while bedding, blankets, and accessories saw a decrease of $1.7 million [16] - The closure of Carousel Designs resulted in a $2.2 million decrease in gross profit, impacting overall profitability [20] Market Data and Key Metrics Changes - Internet-based sales accounted for almost 30% of total sales, while international sales represented 4.2% of current year sales [8] - The company experienced a shift back to brick-and-mortar shopping, affecting online sales [18] Company Strategy and Development Direction - The company aims to grow its toy category, enter new adjacent product categories, and enhance direct-to-consumer sales [27] - Strategies include cost efficiencies, technology investments, and maintaining a strong balance sheet while delivering returns to shareholders [27] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about recovering from previous operational challenges, including supply chain bottlenecks and increased costs [12][11] - The company is excited about opportunities for continued profitable growth in fiscal year 2023 [26] Other Important Information - The company declared a cash dividend of $0.08 per share, representing a 4.9% yield based on the closing price [13] - The fiscal year 2022 included an additional week compared to fiscal year 2021 due to a 53-week calendar [18] Q&A Session Summary Question: Plans to diversify customer base beyond Walmart and Amazon - Management acknowledged the need to diversify and emphasized direct-to-consumer strategies and international opportunities [30][31] Question: Relationship with Walmart - Management believes the relationship with Walmart is strong, focusing on meeting design and service expectations [32] Question: Competitive landscape at Walmart - Management noted significant competition for shelf space and the importance of meeting customer demands [33][34] Question: Ability to pass on increased costs - Management confirmed efforts to pass on costs where possible, with some categories being more price-sensitive [40] Question: Current inventory status - Management reported being in good shape with inventory, primarily consisting of current SKUs [41] Question: Direct-to-consumer initiative and its differences from Carousel - Management explained that the new model involves selling finished goods from inventory rather than custom manufacturing, which should improve efficiency [44] Question: Attracting traffic to the website for direct sales - Management indicated plans for advertising and utilizing third-party platforms like Amazon to drive traffic [45] Question: Expected profitability of direct-to-consumer sales - Management anticipates comparable dollar profitability but acknowledges higher advertising costs may affect percentage margins [46]