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]
Crown Crafts(CRWS) - 2025 Q2 - Quarterly Results