| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 16.77 | 8.3% |
| Total Income | 16.77 | 8.3% |
| Expenditure | 13.97 | 16.3% |
| PBT | 2.77 | 300.7% |
| Net Profit | 2.06 | 287.3% |
| OPM | 16.70% | 24.44pp |
| NPM | 12.29% | 19.42pp |
| EPS | 0.19 | 290.0% |
Crown Crafts Announces Q1 FY27 Results: Net Sales Increase to $16.8M, Gross Profit Margin Expands
13 Aug 2026 · 13 Aug, 2:08 am
Summary
Crown Crafts, Inc. reported a strong start to fiscal year 2027 with first-quarter net sales of $16.8 million, an increase from $15.5 million in the prior year. The company saw a significant expansion in gross profit margin to 47.9%, boosted by tariff refunds, with an adjusted margin of 25.6% showing year-over-year improvement. Net income turned positive at $2.1 million, or $0.19 per share, compared to a net loss in the previous year. Management expressed optimism about the company's performance and future outlook, emphasizing strategic pricing, product mix, and spending discipline.
Key Highlights
- 1
Net sales for the first quarter of fiscal year 2027 increased to $16.8 million, up from $15.5 million in the prior-year quarter.
- 2
Gross profit margin improved significantly to 47.9% from 22.7% in the prior-year quarter, primarily due to tariff refunds.
- 3
Adjusted for tariff refunds, gross profit margin was 25.6%, an increase of 290 basis points year over year.
- 4
The Company reported a net income of $2.1 million, or $0.19 per share, a substantial improvement from a net loss of $1.1 million, or $0.10 per share, in the prior-year quarter.
- 5
A quarterly dividend of $0.03 per share on Series A common stock was declared.
Management Comments
Olivia Elliott
Our new fiscal year is off to a solid start with year-over-year growth, expansion of our gross margin, and positive net income, even when adjusting for tariff refunds net of related expenses. Our team is energized and while industry conditions remain soft, we’re encouraged by our top line growth, and in particular a strong international reception for Groovy Girls with sales exceeding our expectations. This is just one of our many exciting products that provide us with optimism over our future sales outlook. Until conditions normalize, we’re focused on strategic pricing, driving a favorable mix of higher-margin products, and continued spending discipline. To help us execute on our growth opportunities, debt reduction and warehouse consolidation over the next two years, our Board right-sized our quarterly dividend to $0.03 per share which will free up meaningful funding for these initiatives that will drive future profitability. We enter the new fiscal year well positioned to drive growth and profitability through creative product development and the ongoing tremendous efforts of our entire team.
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