Core Viewpoint - Crown Crafts, Inc. reported its third quarter fiscal year 2026 results, highlighting resilience in its business model despite challenging demand and higher tariffs [3][4]. Financial Performance - Net sales for the third quarter were $20.7 million, a decrease from $23.4 million in the same period last year, reflecting a decline of approximately 11.5% [4][10]. - Gross profit was $4.9 million, down from $6.1 million year-over-year, resulting in a gross margin of 23.5%, compared to 26.1% in the prior-year quarter [4][10]. - Net income increased to $1.5 million from $0.9 million in the prior-year quarter, indicating a growth of approximately 68% [10][14]. Expenses and Income - Marketing and administrative expenses rose by $0.6 million to $5.0 million due to severance expenses related to operational consolidation [5][10]. - Other income increased by $2.5 million from insurance proceeds related to a recent acquisition, contributing a net impact of $2.1 million to income before income tax [5][10]. Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.08 per share, scheduled for payment on April 3, 2026 [6][10]. Future Outlook - The company plans to relaunch Manhattan Toy's Groovy Girls line and is focused on internal product development and managing expenses to enhance long-term shareholder value [3][10].

Company Overview - Crown Crafts, Inc. designs, markets, and distributes infant, toddler, and juvenile consumer products, and is one of America's largest producers of infant bedding, toddler bedding, diaper bags, bibs, toys, and disposable products [4] - The company operates through its wholly owned subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc., marketing products under various trademarks and licensed collections [4] - Sales are made directly to a variety of retailers, including mass merchants, large chain stores, juvenile specialty stores, and internet-based retailers [4] Upcoming Earnings Release - Crown Crafts, Inc. plans to release its first quarter fiscal 2026 operational results before the market opens on August 13, 2025 [1] - A teleconference will be hosted by the President and CEO, Olivia W. Elliott, and the CFO, Claire K. Spencer, at 8:00 a.m. Central Daylight Time on the same day to discuss the results [1] Teleconference Details - Interested individuals can join the teleconference by dialing (844) 861-5504 or by accessing it in listen-only mode via the company's website [2] - A telephone replay of the teleconference will be available one hour after the call until 4:00 p.m. Central Standard Time on November 14, 2025 [3]