Core Viewpoint - Crown Crafts, Inc. reported its third quarter fiscal year 2025 results, highlighting its ability to maintain cash flow and profitability despite a challenging macroeconomic environment [3]. Financial Performance - Net sales for the third quarter of fiscal 2025 were $23.3 million, a decrease from $23.8 million in the prior-year quarter [4][11]. - Gross margin was 26.1%, down from 27.0% in the third quarter of 2024 [4][11]. - Marketing and administrative expenses increased to $4.4 million from $4.1 million in the same quarter last year [4][11]. - Net income was $893,000, or $0.09 per diluted share, compared to $1.7 million, or $0.17 per diluted share in the prior-year quarter [4][11]. Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company's Series A common stock, payable on April 4, 2025, to stockholders of record on March 14, 2025 [5]. Company Overview - Crown Crafts, Inc. designs, markets, and distributes infant, toddler, and juvenile consumer products, and is one of America's largest producers in this sector [7].
Crown Crafts Announces Third Quarter Fiscal 2025 Financial Results