CROWN CRAFTS INC

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.

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.

Crown Crafts, Inc. announced it will release its first-quarter fiscal year 2027 operational results after the market closes on Wednesday, August 12, 2026. Following the release, President and CEO Olivia W. Elliott and Vice President and CFO Claire K. Spencer will host a teleconference at 4:00 p.m. Central Time to discuss the results. Interested parties can join the call via phone or listen-only mode on the company's website, with a replay available until August 26, 2026.

Crown Crafts, Inc. announced its 2026 Annual Meeting of Stockholders will take place on August 10, 2026. Shareholders will vote on the election of two Class III directors, the approval of the Amended and Restated 2021 Incentive Plan, and the ratification of KPMG LLP as the independent registered public accounting firm. The Board recommends voting "FOR" all proposals.

Crown Crafts, Inc. reported its financial results for the fourth quarter and full fiscal year 2026. For Q4 2026, the company achieved net income of $0.3 million, or $0.03 per diluted share, a significant improvement from a net loss of $10.8 million in the prior-year quarter. Gross profit margin increased to 22.9%, despite a slight decrease in net sales to $22.4 million. For the full fiscal year, net income was $1.8 million on net sales of $82.3 million, and the company generated over $8 million in operating cash flow. The Board also declared a quarterly cash dividend of $0.08 per share and relaunched the Manhattan Toy brand’s Groovy Girls.

Crown Crafts Inc. filed its 10-K, reporting an approximate market value of $27.6 million for non-affiliate voting stock as of September 28, 2025, and 10.76 million shares outstanding as of May 31, 2026. The company highlighted its significant customer concentration, with Walmart and Amazon accounting for 40% and 17% of gross sales in fiscal year 2026, respectively. Licensed products, including those from Disney, made up 52% of gross sales. The company is also pursuing refunds for previously paid tariffs on Chinese imports following a U.S. Supreme Court ruling.

Crown Crafts, Inc. announced it will release its fourth quarter and full year fiscal 2026 operational results before market open on Wednesday, June 24, 2026. Following the release, President and CEO Olivia W. Elliott and VP and CFO Claire K. Spencer will host a teleconference at 8:00 a.m. Central Time to discuss the results. Interested parties can join via dial-in or listen-only webcast, with a replay available until July 8, 2026.

Crown Crafts, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its Series A common stock. The dividend is scheduled to be paid on July 2, 2026, to stockholders who are on record at the close of business on June 11, 2026.