Welcome to our dedicated page for Crown Crafts news (Ticker: CRWS), a resource for investors and traders seeking the latest updates and insights on Crown Crafts stock.
Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products through wholly owned subsidiaries including NoJo Baby & Kids, Inc. and Sassy Baby, Inc. Its product categories include infant and toddler bedding, diaper bags, bibs, soft bath products, toys, disposable products and related accessories sold through retailers, internet-based accounts and direct-to-consumer websites.
Recurring Crown Crafts news covers quarterly financial results, dividends on its Series A common stock, product and brand activity involving Sassy, Manhattan Toy, NoJo, Baby Boom and Neat Solutions, and retail-channel developments. Company updates also discuss category sales trends, tariffs, consumer demand, acquisition integration, cost management and participation in industry or investor events.
Crown Crafts (NASDAQ-CM: CRWS) reported its Q4 and fiscal 2025 results, showing mixed performance. Q4 net sales increased 2.9% to $23.2 million, but the company recorded a GAAP net loss of $(10.8) million, largely due to a $13.8 million goodwill impairment charge.
For fiscal 2025, net sales were $87.3 million, flat compared to 2024, with gross margin declining to 24.4%. The company reported an adjusted net income of $1.0 million excluding the impairment charge. Crown Crafts maintained its quarterly dividend of $0.08 per share and ended the year with $521,000 in cash and reduced inventory levels by 6.4%.
Crown Crafts (NASDAQ-CM: CRWS) has announced a quarterly cash dividend of $0.08 per share on its Series A common stock. The dividend will be paid on July 3, 2025 to stockholders of record as of the close of business on June 13, 2025.
Crown Crafts (NASDAQ-CM: CRWS) reported its Q3 fiscal 2025 results, with net sales of $23.3 million, down from $23.8 million in the prior-year quarter. The company posted a gross profit of $6.1 million with a gross margin of 26.1%, compared to 27.0% in Q3 2024. Net income decreased to $893,000 ($0.09 per diluted share) from $1.7 million ($0.17 per diluted share) year-over-year.
Marketing and administrative expenses increased to $4.4 million from $4.1 million in the previous year. The company declared a quarterly dividend of $0.08 per share, payable on April 4, 2025. Management highlighted their focus on cash flow generation, inventory management, and new product development despite challenging macroeconomic conditions.
Crown Crafts (NASDAQ-CM: CRWS) has announced it will release its third quarter fiscal year 2025 operational results before market opening on February 12, 2025. The company will host a teleconference at 8:00 a.m. Central Standard Time on the same day, featuring President and CEO Olivia W. Elliott and CFO Craig J. Demarest, who will discuss results and answer questions.
Participants can join by dialing (844) 861-5504 or access the listen-only mode via the company's website. Financial information will be available on the investor relations section of the website after the earnings release. A replay will be accessible until May 12, 2025, by dialing (877) 344-7529 (US) or (412) 317-0088 (international) with replay code 5182865.
Crown Crafts (NASDAQ-CM: CRWS) has announced its participation in the 16th Annual Southwest IDEAS Investor Conference on November 20, 2023, at The Statler Hotel in Dallas, Texas. President and CEO Olivia W. Elliott and CFO Craig J. Demarest will deliver a presentation at 8:35 a.m. CST and conduct one-on-one meetings throughout the day.
The presentation will be available via live webcast on the conference host's website and Crown Crafts' investor relations page. A replay will remain accessible for 90 days following the presentation.
Crown Crafts (NASDAQ-CM: CRWS) reported Q2 fiscal 2025 results with net sales of $24.5 million, up from $24.1 million year-over-year. The company posted net income of $860,000, or $0.08 per diluted share, including $788,000 in acquisition-related costs. The recent acquisition of Baby Boom contributed $3.4 million in sales, offsetting declines in legacy businesses. Gross profit margin improved to 28.4% from 27.3% in Q2 2024. The company declared a quarterly dividend of $0.08 per share, payable on January 3, 2025.
Crown Crafts (NASDAQ-CM: CRWS) has announced it will release its second quarter fiscal year 2025 operational results before market opening on November 12, 2024. The company will host a teleconference at 8:00 a.m. CST on the same day, led by President and CEO Olivia W. Elliott and CFO Craig J. Demarest. Investors can join via phone at (844) 861-5504 or access the listen-only mode through the company's website. A replay will be available until February 11, 2025, accessible by dialing (877) 344-7529 (US) or (412) 317-0088 (international) with code 3679859.
Crown Crafts Inc (NASDAQ-CM: CRWS) has announced its participation in the 15th Annual Midwest IDEAS Investor Conference. The event is scheduled for August 28, 2024, at The Gwen, a Luxury Collection Hotel in Chicago, Illinois. Olivia W. Elliott, President and CEO, and Craig J. Demarest, VP and CFO, will represent the company, presenting at 11:30 a.m. CDT.
The presentation will be webcast live and accessible through the conference host's website and Crown Crafts' investor relations page. A replay of the webcast will remain available for 90 days after the presentation. This event provides an opportunity for Crown Crafts to engage with investors and showcase its business strategy and performance.