Financial Performance - Net sales for Q3 fiscal 2025 were $23.3 million, a decrease of 2.1% from $23.8 million in the prior-year quarter[5] - Gross margin decreased to 26.1% compared to 27.0% in Q3 fiscal 2024[5] - Net income for the quarter was $893,000, or $0.09 per diluted share, down from $1.7 million, or $0.17 per diluted share in the prior-year quarter[5] - Marketing and administrative expenses increased to $4.4 million from $4.1 million in Q3 fiscal 2024[5] Dividend Information - The company declared a quarterly cash dividend of $0.08 per share, payable on April 4, 2025[7] Asset Management - Total assets increased to $98.7 million as of December 29, 2024, compared to $82.7 million on March 31, 2024[15] - The company reported a strong balance sheet while managing borrowings effectively[4] Strategic Focus - The company is focused on developing new products to drive top-line growth despite ongoing economic uncertainty[4] - The company anticipates being well positioned for long-term growth when economic conditions improve[4] - Inventory levels are being efficiently lowered from the prior year, even with the acquisition of Baby Boom[4]
Crown Crafts(CRWS) - 2025 Q3 - Quarterly Results