Crown Crafts(CRWS) - 2026 Q2 - Quarterly Results

Financial Performance - Net sales for Q2 FY2026 were $23.7 million, a decrease of 3.2% from $24.5 million in Q2 FY2025[6] - Gross profit margin decreased to 27.7% from 28.4% in the prior year, primarily due to increased tariff costs[8] - Net income increased to $1.2 million or $0.11 per share, up from $0.9 million or $0.08 per share in the prior year quarter, representing a 33.3% increase in net income[7] Expenses and Cost Management - Marketing and administrative expenses improved to 19.9% of net sales, down from 22.3% in the prior year, reflecting a reduction of $0.7 million[9] - The company is consolidating internal operations to eliminate redundant costs and achieve additional savings[5] - The company continues to seek opportunities to reduce costs while focusing on increasing sales and market share[5] Sales Performance - Sales of bedding and diaper bags decreased by $1.6 million, while sales of bibs, toys, and disposable products increased by $0.8 million[6] Assets and Liabilities - Total current assets decreased to $54.1 million from $55.3 million as of March 30, 2025[18] - Total liabilities decreased to $39.1 million from $41.5 million as of March 30, 2025[18] Dividends - The company declared a quarterly cash dividend of $0.08 per share, payable on January 2, 2026[10]