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Crown Crafts Announces Financial Results for Second Quarter Fiscal 2026
Globenewswire· 2025-11-12 11:54
Core Viewpoint - Crown Crafts, Inc. reported a net income growth despite a slight decline in overall sales, indicating resilience in navigating industry challenges, particularly due to tariff pressures on margins [2][4]. Financial Performance - Net sales for the second quarter of fiscal 2026 were $23.7 million, down from $24.5 million in the same quarter of the previous year [4][10]. - Gross profit margin decreased to 27.7% from 28.4% year-over-year, primarily due to increased tariff costs on imported products [5][10]. - Net income increased to $1.2 million, or $0.11 per share, compared to $0.9 million, or $0.08 per share, in the prior year quarter [10]. Cost Management - The company successfully reduced marketing and administrative expenses by $0.7 million, representing 19.9% of net sales, down from 22.3% in the previous year [6][10]. - Ongoing efforts to consolidate internal operations aim to eliminate redundant costs and achieve further savings [3][4]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on January 2, 2026, to stockholders of record as of December 12, 2025 [7][10]. Strategic Focus - The company is focused on leveraging prior acquisitions, expanding product lines, and utilizing pricing strategies to enhance long-term shareholder value as consumer demand stabilizes [4][10].
Crown Crafts to Announce Second Quarter Fiscal Year 2026 Results on November 12, 2025
Globenewswire· 2025-11-05 11:41
Core Viewpoint - Crown Crafts, Inc. is set to release its second quarter fiscal 2026 operational results on November 12, 2025, before market opening, with a teleconference scheduled for discussion [1] Company Overview - Crown Crafts, Inc. designs, markets, and distributes a range of infant, toddler, and juvenile consumer products, and is one of the largest producers in the U.S. for items such as infant bedding, diaper bags, and toys [4] - The company operates through subsidiaries NoJo Baby & Kids, Inc. and Sassy Baby, Inc., offering products under various trademarks and private label programs [4] - Sales channels include mass merchants, chain stores, specialty stores, and direct-to-consumer through its websites [4] Teleconference Details - The teleconference will be hosted by Olivia W. Elliott, President and CEO, and Claire K. Spencer, Vice President and CFO, at 8:00 a.m. Central Standard Time [1] - Interested participants can join by calling (844) 861-5504 or listen online via the company's website [2] - A replay of the teleconference will be available for one hour after the call until 4:00 p.m. Central Standard Time on February 10, 2026 [3]
Crown Crafts to Announce Fourth Quarter and Full Year Fiscal 2025 Results on June 25, 2025
Globenewswire· 2025-06-18 10:52
Core Viewpoint - Crown Crafts, Inc. is set to release its fourth quarter and full year results for fiscal 2025 on June 25, 2025, before market opening, with a teleconference scheduled for discussion [1] Company Overview - Crown Crafts, Inc. designs, markets, and distributes a range of infant, toddler, and juvenile consumer products, and is one of the largest producers in the U.S. for items such as infant bedding, diaper bags, and toys [4] - The company operates through subsidiaries NoJo Baby & Kids, Inc. and Sassy Baby, Inc., offering products under company-owned trademarks and licensed collections [4] - Sales are directed to various retailers, including mass merchants and juvenile specialty stores [4] Teleconference Details - Interested parties can join the teleconference by calling (844) 861-5504 or by accessing it in listen-only mode via the company's website [2] - A replay of the teleconference will be available one hour after the call until September 25, 2025, at 4:00 p.m. Central Daylight Time [3]