Quarterly ResultAug 12, 2026, 04:48 PM
Crown Crafts Q1 Net Income $2.06M; Sales Up 8.3% to $16.77M
AI Summary
Crown Crafts reported a significant turnaround in its first fiscal quarter, achieving a net income of $2.06 million, compared to a net loss of $1.10 million in the prior year. Net sales increased by 8.3% to $16.77 million, primarily driven by improved inventory availability and international sales of bibs, toys, and disposable products. The company's gross profit saw a substantial increase, largely due to a $3.7 million reduction in cost of sales from a tariff refund.
Key Highlights
- Net income for Q1 2026 was $2.06 million, a significant improvement from a $1.10 million net loss in Q1 2025.
- Net sales increased 8.3% to $16.77 million in Q1 2026, up from $15.48 million in Q1 2025.
- Gross profit surged 128.3% to $8.03 million, with gross margin at 47.9% for Q1 2026.
- Cost of products sold was reduced by $3.7 million due to IEEPA tariff refunds.
- Sales of bibs, toys, and disposable products grew 23.6% to $10.73 million.
- Earnings per share (basic and diluted) were $0.19, compared to $(0.10) in the prior year.
- The company declared dividends of $0.32 per share.
Price Impact
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