Quarterly ResultAug 12, 2026, 04:07 PM
Crown Crafts Q1 Net Income $2.1M, Sales $16.8M; Adjusts Dividend
AI Summary
Crown Crafts Inc. reported strong first-quarter fiscal year 2027 results, with net sales increasing to $16.8 million from $15.5 million in the prior-year quarter. The company achieved a net income of $2.1 million, or $0.19 per share, a significant improvement from a net loss of $1.1 million, or $0.10 per share, in the same period last year. Gross profit margin also saw substantial growth, reaching 47.9%, or 25.6% when adjusted for $3.7 million in tariff refunds. The Board declared a quarterly dividend of $0.03 per share, which was right-sized to free up funding for growth initiatives, debt reduction, and warehouse consolidation.
Key Highlights
- Net sales increased to $16.8 million from $15.5 million year-over-year.
- Net income was $2.1 million ($0.19 per share), up from a net loss of $1.1 million ($0.10 per share).
- Gross profit margin rose to 47.9%, or 25.6% adjusted for tariff refunds.
- Marketing and administrative expenses increased to $5.2 million from $4.7 million.
- Quarterly dividend declared at $0.03 per share, a reduction from previous.
- Tariff refunds of $3.7 million were recorded, boosting gross profit.
Price Impact
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