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Crown Crafts(CRWS) - 2025 Q4 - Earnings Call Transcript
2025-06-25 14:02
Crown Crafts Inc (CRWS) Q4 2025 Earnings Call June 25, 2025 09:00 AM ET Company Participants Matt Hodges - Managing DirectorOlivia Elliott - CEO, President & DirectorClaire Spencer - Vice PresidentCraig Demarest - CFODouglas Ruth - President Conference Call Participants None - Analyst Operator Good day, and welcome to the Crown Crafts Inc. Fourth Quarter Fiscal Year twenty twenty five Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to a ...
Crown Crafts(CRWS) - 2025 Q4 - Earnings Call Transcript
2025-06-25 14:00
Financial Data and Key Metrics Changes - Fiscal year 2025 total sales were slightly below the previous year due to persistent inflation and consumer pullback on discretionary spending [4] - Fourth quarter net sales increased by 2.9% year-over-year to $23,200,000, driven by strong Baby Boom product sales [8] - Full year net sales for fiscal 2025 were $87,300,000, a slight decrease from $87,600,000 in the prior year [11] - GAAP net loss for the fourth quarter was $10,800,000, primarily due to a $13,800,000 goodwill impairment charge [10] - Adjusted net income for the year was $1,000,000, translating to adjusted diluted earnings per share of $0.10 [12] Business Line Data and Key Metrics Changes - The Baby Boom acquisition contributed $11,900,000 in net sales, but this was offset by declines in legacy business lines [11] - Gross profit margin for the fourth quarter decreased to 18.3% from 23.2% in the prior year, attributed to higher tariffs and increased expenses [9] - Marketing and administrative expenses rose by 17% year-over-year due to increased advertising costs and expenses from the Baby Boom acquisition [10] Market Data and Key Metrics Changes - The company faced challenges due to uncertainty around U.S. tariff policy, impacting sales from imports [4] - The transition to using distributors in Europe is expected to enhance international sales over time [32] Company Strategy and Development Direction - The company is focused on long-term growth through acquisitions and expanding product offerings, including the recent acquisition of Baby Boom Consumer Products [5] - Plans to mitigate tariff impacts include working with manufacturers and retail partners to absorb costs [17] - The company aims to explore product and channel expansions to increase sales and market share [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the economic headwinds affecting consumers and the company, but emphasized steps taken to position for long-term success [16] - The most pressing challenge is navigating the impact of tariffs, with a current expectation of a 30% tariff on goods ordered [17] - Management expressed optimism about future growth opportunities and the integration of acquisitions [16] Other Important Information - Cash flow from operations for 2025 was $9,800,000, an increase from $7,100,000 in the prior year [13] - The company paid $0.32 per share in cash dividends, marking the fifteenth consecutive year of dividend payments [14] Q&A Session Summary Question: Update on warehouse status - The company is still exploring options for the warehouse but has focused on tariffs recently [23] Question: Outcome of the New York Toy Show - The sales and product development team received positive feedback and wrote some orders at the Toy Fair [25] Question: Status of the Stella doll redesign - The new Love Stella line has been well-received, aided by marketing efforts including mentions by Meghan Markle [26] Question: Sales to LEGOLAND - Sales to LEGOLAND increased in fiscal 2025, with expectations to be the only plush supplier in the park soon [29] Question: Development of licensed diaper bags - The company is excited about potential licensed diaper bags but is facing challenges due to tariffs [30] Question: Update on tax credit for baby products - No recent updates on the potential tax credit for parents have been heard [31] Question: Impact of using distributors in Europe - The transition to distributors is expected to positively impact international sales [32] Question: Redesign of the Manhattan Toy website - The redesigned website has improved user experience and is driving more traffic [34]
Build-A-Bear Celebrates International Day of Play by Playing It Forward
Prnewswire· 2025-06-11 19:09
Donates One Teddy Bear for Each Make-Your-Own Plush Animal Sold to Children in Need ST. LOUIS, June 11, 2025 /PRNewswire/ -- Build-A-Bear, the iconic experiential retail brand, announces its "Play It Forward" initiative, a national giveback effort taking place today in recognition of the International Day of Play. For every make-your-own plush sold, one furry friend will be donated to a child in need, up to 10,000 bears. Donations made through the Build-A-Bear Foundation will focus on kids and classrooms in ...
Build-A-Bear Workshop(BBW) - 2026 Q1 - Earnings Call Transcript
2025-05-29 14:02
Build-A-Bear Workshop (BBW) Q1 2026 Earnings Call May 29, 2025 09:00 AM ET Company Participants Gary Schnierow - Vice President of Investor Relations & Corporate FinanceSharon Price John - President & CEOJ. Christopher Hurt - Chief Operations & Experience OfficerVoin Todorovic - CFOKeegan Cox - Research Associate Conference Call Participants Eric Beder - CEO & Senior Research AnalystGreg Gibas - Vice President & Senior Research AnalystSteve Silver - Senior Equity Research Analyst Operator Greetings, and wel ...
Build-A-Bear Workshop(BBW) - 2026 Q1 - Earnings Call Transcript
2025-05-29 14:00
Build-A-Bear Workshop (BBW) Q1 2026 Earnings Call May 29, 2025 09:00 AM ET Speaker0 Greetings, and welcome to the Build A Bear Workshop First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Gary Chinaro, Investor Relations. Thank you, sir. You may begin. Speaker1 Thank you. Good ...
SRM Entertainment Announces $5 Million Private Placement
Globenewswire· 2025-05-22 13:00
Winter Park, Florida, May 22, 2025 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc. (Nasdaq: SRM) (“SRM” or the “Company”), a leading provider of creative and high-quality licensed media-themed merchandise, announces today that it has entered into a securities purchase agreement with an institutional investor for a private investment in public equity (“PIPE”) financing that is expected to result in gross proceeds to the Company of approximately $5 million, before deducting placement agent fees and offering expen ...
Build-A-Bear: A Great Toy Specialty Store Company To Own Even With Headwinds From Tariffs
Seeking Alpha· 2025-05-17 05:38
Company Overview - Build-A-Bear Workshop, Inc. (NYSE: BBW) is a specialty retail store primarily focused on selling children's plush toys [1] - The company differentiates itself by emphasizing in-store customer experience and fostering emotional connections with customers rather than just selling products [1] Investment Strategy - The focus is on identifying strong companies that are undervalued by the stock market, with the belief that corrective forces will realign these "mispriced" stocks to their intrinsic value [1] - Corrective forces may include activist investors' proxy fights, leadership and strategic changes, spin-offs, and industry cyclicality [1] - The objective is to identify these opportunities before they materialize, as stock return overperformance is expected from such investments [1]
高盛:中国消费动态-劳动节假期消费总结-好于预期,零售销售增长加速
Goldman Sachs· 2025-05-07 02:10
7 May 2025 | 2:28AM HKT China Consumer Connections Pulse Check: Labor Day holiday consumption wrap-up: better-than-expected and accelerated retail sales growth The retail and consumer sector data we collected during the Labor Day holiday this year (May 1-5, same as in 2024) suggests solid holiday spending growth despite a high base, which looks better than expected especially amid the US tariff-fueled pessimism in April. This reaffirms our view that consumption has bottomed out, though we acknowledge volati ...
Five Below(FIVE) - 2025 Q4 - Earnings Call Transcript
2025-03-19 21:32
Five Below (FIVE) Q4 2025 Earnings Call March 19, 2025 04:30 PM ET Company Participants Christiane Pelz Alpher - VP - Investor Relations & TreasuryWinnie Park - CEOKen Bull - COOKristy Chipman - CFO & TreasurerChuck Grom - Managing DirectorKaren Short - Managing Director – Head of Consumer/Retail ResearchJoseph Feldman - Senior MD & Assistant Director - Research Conference Call Participants Kate McShane - AnalystScot Ciccarelli - MD & Senior Research AnalystMichael Lasser - Equity Research Analyst - Hardlin ...
Five Below(FIVE) - 2025 Q4 - Earnings Call Transcript
2025-03-19 20:30
Five Below (FIVE) Q4 2025 Earnings Call March 19, 2025 04:30 PM ET Company Participants Christiane Pelz Alpher - VP - Investor Relations & TreasuryWinnie Park - CEOKen Bull - COOKristy Chipman - CFO & TreasurerChuck Grom - Managing DirectorKaren Short - Managing Director – Head of Consumer/Retail ResearchJoseph Feldman - Senior MD & Assistant Director - Research Conference Call Participants Kate McShane - AnalystScot Ciccarelli - MD & Senior Research AnalystMichael Lasser - Equity Research Analyst - Hardlin ...