Crown Crafts Announces Financial Results for Fourth Quarter and Full Year Fiscal 2026
Rhea-AI Summary
Crown Crafts (NASDAQ: CRWS) reported fourth quarter fiscal 2026 net sales of $22.4 million versus $23.2 million a year earlier. Gross profit rose to $5.1 million with a gross margin of 22.9%, up from 18.3%.
Net income was $0.3 million, or $0.03 per diluted share, compared with a $10.8 million loss in the prior-year quarter, which included a $13.8 million non-cash goodwill impairment. The company generated more than $8 million of operating cash flow in fiscal 2026, relaunched Manhattan Toy’s Groovy Girls line, and declared a quarterly dividend of $0.08 per share, payable July 2, 2026.
Positive
- Gross margin improved to 22.9% from 18.3%, a 460-basis-point increase
- Gross profit increased to $5.1 million from $4.2 million year over year
- Net income of $0.3 million versus prior-year net loss of $10.8 million
- More than $8 million of operating cash flow generated during fiscal 2026
- Quarterly cash dividend of $0.08 per share declared for Series A stock
- Marketing and administrative expense held approximately flat at $4.6 million
Negative
- Quarterly net sales declined to $22.4 million from $23.2 million
- Management notes the operating environment continued to be challenging
News Market Reaction – CRWS
In the Jun 24 session, CRWS gained 2.88%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | Q3 2026 earnings | Positive | -3.8% | Higher net income and dividend maintained despite lower sales and margins. |
| Nov 12 | Q2 2026 earnings | Positive | +5.3% | Net income and EPS growth with stable dividend despite slight sales decline. |
| Aug 13 | Q1 2026 earnings | Negative | -1.8% | Sales decline, wider net loss, and margin compression from higher tariffs. |
| Jun 25 | Q4/FY 2025 earnings | Negative | -11.3% | Large goodwill impairment driving GAAP loss despite flat annual sales. |
| Feb 12 | Q3 2025 earnings | Negative | -4.3% | Lower sales and margins with reduced net income versus prior year quarter. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases have often led to negative price moves, especially when results highlight revenue pressure or impairments, even when profitability or dividends are stable.
Key Terms
gross profit margin financial
operating cash flow financial
goodwill impairment charge financial
quarterly cash dividend financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
GONZALES, La., June 24, 2026 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) a producer, designer, and distributor of infant, toddler, and juvenile consumer products, today reported results for the fourth quarter and full year fiscal 2026, which ended March 29, 2026.
Fourth Quarter Fiscal 2026 Summary
- Net sales of
$22.4 million compared to$23.2 million in the prior-year quarter - Gross profit margin increased to
22.9% compared to18.3% in the prior-year quarter - Net income of
$0.3 million increased from a net loss of$10.8 million in the prior-year quarter - Subsequent to the quarter, relaunched Manhattan Toy brand’s Groovy Girls, an iconic line of soft fashion dolls
- Declared a quarterly dividend of
$0.08 per share on Series A common stock
“We completed our fiscal year with another quarter of solid results reflecting the strength of our many exciting brands and the hard work of our talented team,” said Olivia Elliott, President and Chief Executive Officer. “We drove improved gross margins and generated more than
Fourth Quarter Fiscal 2026 Results
Net sales were
Marketing and administrative expense was held approximately flat relative to the prior-year fourth quarter at
Quarterly Cash Dividend
The Board of Directors declared a quarterly cash dividend on the Company’s Series A common stock of
Conference Call
The Company will host a teleconference today at 8:00 a.m. CT to discuss results. Interested individuals may join the teleconference by dialing (844) 539-3703 or (412) 652-1273 and asking to join the Crown Crafts, Inc. call. The teleconference can also be accessed in listen-only mode by visiting the Company’s website at www.crowncrafts.com. The financial information to be discussed during the teleconference may be found on the investor relations portion of the Company’s website after earnings are released.
A telephone replay of the teleconference will be available one hour after the call through July 8, 2026. To access the replay, dial (844) 512-2921 in the United States or (412) 317-6671 from international locations and enter replay access code 13760859.
About Crown Crafts, Inc.
Founded in 1957, Crown Crafts, Inc. designs, markets, and distributes infant, toddler, and juvenile consumer products including infant bedding, toddler bedding, diaper bags, bibs, toys, and disposable products. The Company primarily operates through its wholly owned subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc., which market a variety of infant, toddler, and juvenile products under Company-owned trademarks (Sassy®, NoJo®, Manhattan Toy®, Baby Boom® and Neat Solutions®), as well as licensed collections and exclusive private label programs. Sales are made directly to retailers such as mass merchants, large chain stores, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, wholesale clubs, internet-based retailers and direct-to-consumers through the Company’s websites. For more information, visit www.crowncrafts.com.
Forward-Looking Statements
The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current expectations, projections, estimates and assumptions. Words such as “expects,” “believes,” “anticipates” and variations of such words and similar expressions identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. These risks include, among others, general economic conditions, including the impact of increased U.S. tariffs and any retaliatory measures by impacted exporting countries, the Company’s ability to mitigate the impact of such tariffs, changes in interest rates, in the overall level of consumer spending and in the price of oil, cotton and other raw materials used in the Company’s products, changing competition, changes in the retail environment, the Company’s ability to successfully integrate newly acquired businesses, the level and pricing of future orders from the Company’s customers, the extent to which the Company’s business is concentrated in a small number of customers, the Company’s dependence upon third-party suppliers, including some located in foreign countries, customer acceptance of both new designs and newly-introduced product lines, actions of competitors that may impact the Company’s business, disruptions to transportation systems or shipping lanes used by the Company or its suppliers, and the Company’s dependence upon licenses from third parties. Reference is also made to the Company’s periodic filings with the Securities and Exchange Commission for additional factors that may impact the Company’s results of operations and financial condition. The Company does not undertake to update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise.
Contact:
Claire Spencer
Vice President and Chief Financial Officer
Investor@crowncrafts.com
| CROWN CRAFTS, INC. AND SUBSIDIARIES | ||||||||||||||||
| UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
| THREE- AND TWELVE-MONTH PERIODS ENDED MARCH 29, 2026 AND MARCH 30, 2025 | ||||||||||||||||
| (amounts in thousands, except per share amounts) | ||||||||||||||||
| Fiscal Quarter Ended | Fiscal Year Ended | |||||||||||||||
| March 29, 2026 | March 30, 2025 | March 29, 2026 | March 30, 2025 | |||||||||||||
| Net sales | $ | 22,376 | $ | 23,227 | $ | 82,266 | $ | 87,250 | ||||||||
| Cost of products sold | 17,249 | 18,983 | 62,188 | 65,985 | ||||||||||||
| Gross profit | 5,127 | 4,244 | 20,078 | 21,265 | ||||||||||||
| Marketing and administrative expenses | 4,586 | 4,582 | 18,979 | 18,690 | ||||||||||||
| Goodwill impairment charge | - | 13,766 | - | 13,766 | ||||||||||||
| Income (loss) from operations | 541 | (14,104 | ) | 1,099 | (11,191 | ) | ||||||||||
| Other income (expense): | ||||||||||||||||
| Interest expense - net of interest income | (194 | ) | (333 | ) | (1,044 | ) | (1,173 | ) | ||||||||
| Loss on sale of property, plant and equipment | - | - | - | (2 | ) | |||||||||||
| Other income (expense) - net | (14 | ) | 8 | 2,583 | (47 | ) | ||||||||||
| Income (loss) before income tax expense | 333 | (14,429 | ) | 2,638 | (12,413 | ) | ||||||||||
| Income tax expense (benefit) | 53 | (3,642 | ) | 795 | (3,057 | ) | ||||||||||
| Net income (loss) | $ | 280 | $ | (10,787 | ) | $ | 1,843 | $ | (9,356 | ) | ||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic | 10,701 | 10,401 | 10,653 | 10,365 | ||||||||||||
| Effect of dilutive securities | - | - | - | - | ||||||||||||
| Diluted | 10,701 | 10,401 | 10,653 | 10,365 | ||||||||||||
| Basic earnings (loss) per share | $ | 0.03 | $ | (1.04 | ) | $ | 0.17 | $ | (0.90 | ) | ||||||
| Diluted earnings (loss) per share | $ | 0.03 | $ | (1.04 | ) | $ | 0.17 | $ | (0.90 | ) | ||||||
| CROWN CRAFTS, INC. AND SUBSIDIARIES | ||||||||
| UNAUDITED CONSOLIDATED BALANCE SHEETS | ||||||||
| MARCH 29, 2026 AND MARCH 30, 2025 | ||||||||
| (amounts in thousands, except share and per share amounts) | ||||||||
| March 29, 2026 | March 30, 2025 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 200 | $ | 521 | ||||
| Accounts receivable - net of allowances of | ||||||||
| Due from factor | 16,280 | 21,854 | ||||||
| Other | 2,579 | 2,654 | ||||||
| Inventories | 28,365 | 27,800 | ||||||
| Prepaid expenses | 2,176 | 2,474 | ||||||
| Total current assets | 49,600 | 55,303 | ||||||
| Operating lease right-of-use assets | 8,956 | 12,253 | ||||||
| Property, plant and equipment - net of accumulated depreciation of | 2,011 | 1,888 | ||||||
| Intangible assets - net of accumulated amortization of | 6,275 | 7,050 | ||||||
| Deferred income taxes | 3,657 | 4,508 | ||||||
| Other assets | 154 | 152 | ||||||
| Total Assets | $ | 70,653 | $ | 81,154 | ||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 4,913 | $ | 5,225 | ||||
| Accrued royalties | 532 | 1,507 | ||||||
| Dividends payable | 952 | 876 | ||||||
| Operating lease liabilities, current | 4,198 | 3,987 | ||||||
| Accrued liabilities | 1,283 | 1,920 | ||||||
| Current maturities of long-term debt | 1,991 | 1,990 | ||||||
| Total current liabilities | 13,869 | 15,505 | ||||||
| Non-current liabilities: | ||||||||
| Long-term debt | 12,132 | 16,512 | ||||||
| Deferred income taxes | - | - | ||||||
| Operating lease liabilities, noncurrent | 5,529 | 9,107 | ||||||
| Reserve for unrecognized tax liabilities | 310 | 411 | ||||||
| Total non-current liabilities | 17,971 | 26,030 | ||||||
| Shareholders' equity: | ||||||||
| Common stock - | 137 | 135 | ||||||
| Additional paid-in capital | 59,402 | 58,637 | ||||||
| Treasury stock - at cost - 2,913,962 shares at March 29, 2026 and 2,910,859 shares at March 30, 2025 | (15,889 | ) | (15,880 | ) | ||||
| Accumulated deficit | (4,837 | ) | (3,273 | ) | ||||
| Total shareholders' equity | 38,813 | 39,619 | ||||||
| Total Liabilities and Shareholders' Equity | $ | 70,653 | $ | 81,154 | ||||
