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Crown Crafts(CRWS) - 2026 FY - Earnings Call Transcript
2026-01-13 19:02
Financial Data and Key Metrics Changes - The company has maintained a strong dividend yield of 11% [1] - The impact of tariffs has led to a pullback in production, affecting inventory levels and sales [18][22] Business Line Data and Key Metrics Changes - The company has expanded its product lines through strategic acquisitions, including entering the toy market and higher-end developmental toys [3] - The company has seen a shift in consumer purchasing behavior, with customers trading down to lower-priced products [15] Market Data and Key Metrics Changes - The birth rate has stabilized, with a slight increase in 2024, which is a positive indicator for the company [12] - The company is observing a trend where first-time parents tend to spend more on baby products compared to subsequent children [12][13] Company Strategy and Development Direction - The company aims to grow its market share in various categories, particularly where it is not currently the leader [19] - There is a focus on international expansion, leveraging existing distributor relationships to increase market presence [41][44] Management's Comments on Operating Environment and Future Outlook - The management acknowledges both optimistic and challenging aspects for the upcoming fiscal year, particularly regarding tariff impacts and inventory management [18][22] - The company is committed to continuous product development regardless of economic conditions [28] Other Important Information - The company is planning to consolidate warehouses to improve efficiency [30] - There is a strong emphasis on maintaining safety standards in product manufacturing, especially for baby products [26] Q&A Session Summary Question: How does the company target expectant mothers and growing families? - The company utilizes social media platforms like Facebook and Instagram to reach expectant mothers and engages influencers to promote products [50] Question: How important are licenses to the product mix? - Licenses are crucial, especially in toddler bedding, where they account for about 95% of the category [54] Question: How important is the dividend to the company? - Maintaining the regular dividend is important, but special dividends are unlikely while focusing on debt reduction [55]
Crown Crafts to Participate in the ICR Conference
Globenewswire· 2026-01-06 12:00
GONZALES, La., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Olivia Elliott, President, Chief Executive Officer, and Claire Spencer, Chief Financial Officer, will be attending the ICR Conference in Orlando, Florida on Monday and Tuesday, January 12-13 and will present on Tuesday, January 13 at 1:00 p.m. Eastern Time. The live webcast and replay will be available on the presentations page of the Company's investor relations website at https://www. ...
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]