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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 First Quarter Fiscal Year 2026 Results on August 13, 2025
Globenewswire· 2025-08-06 22:45
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]
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]