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. (NASDAQ-CM: CRWS) is a manufacturer and marketer of infant, toddler, and juvenile consumer products, and its news flow reflects this focus. Company press releases and Form 8-K filings highlight regular updates on financial performance, dividends, acquisitions, and operational changes that matter to investors following CRWS stock.
News about Crown Crafts frequently centers on quarterly and annual financial results, where the company reports net sales, gross profit, and other performance metrics for its infant bedding, toddler bedding, diaper bags, bibs, toys, and disposable products. These announcements often discuss the impact of tariffs on products imported from China, changes in product mix between bedding and bibs, toys and disposable items, and the company’s efforts to manage marketing and administrative expenses.
Another recurring news theme is capital allocation and dividends. Crown Crafts regularly issues press releases declaring quarterly cash dividends on its Series A common stock, which are then reported in Form 8-K filings. These items provide context on how the company returns cash to stockholders alongside its operating results.
Corporate developments also appear in Crown Crafts’ news, including updates on acquisitions such as Baby Boom Consumer Products, integration of brands like Manhattan Toy, and changes in leadership roles. The company additionally announces conference participation and teleconferences where management discusses results and answers questions from interested parties.
Investors and followers of CRWS can use the news feed to monitor earnings releases, dividend declarations, acquisition integration commentary, and governance updates. Reviewing this stream of company-issued news helps build a picture of how Crown Crafts describes its performance and strategic priorities in the infant and toddler products segment.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced that it will release its third-quarter fiscal 2023 results on February 15, 2023, before market opening. CEO Olivia W. Elliott and CFO Craig J. Demarest will host a teleconference at 10:00 a.m. CST to discuss the results. Interested participants can join by calling (844) 861-5504 or listening online via the company's website. A replay of the call will be available after the event until 4:00 p.m. CDT on May 15, 2023. Crown Crafts is a leading producer of infant and juvenile consumer products, operating through subsidiaries NoJo Baby & Kids, Inc. and Sassy Baby, Inc.
Crown Crafts, Inc. (CRWS) reported second-quarter fiscal 2023 results, with net income at $2.0 million or $0.20 per diluted share, down from $2.4 million or $0.24 per share year-over-year. Net sales decreased to $18.7 million from $20.2 million. Despite challenges from inflation, the year-to-date gross profit improved to 30.8% of net sales. The company declared a quarterly dividend of $0.08 per share, payable on January 6, 2023. The balance sheet remains robust, positioning Crown Crafts well for future recovery.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced that Olivia W. Elliott, President and CEO, and Craig J. Demarest, CFO, will present at the 14th Annual Southwest IDEAS Investor Conference on November 17, 2022, at 8:45 a.m. CST in Dallas, Texas. The presentation will be available via live webcast on the conference's main website and the Company's investor relations page, with a replay accessible for 90 days post-event. The IDEAS Investor Conferences aim to provide a quality platform for companies to connect with investment professionals.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) plans to release its Q2 FY 2023 earnings on November 16, 2022, before the market opens. The company will hold a teleconference at 10:00 a.m. Central Standard Time to discuss the results and answer questions. Interested participants can join by dialing (844) 861-5504 or listening online at the company's website. A replay of the call will be available for one hour after the event until 4:00 p.m. Central Standard Time on February 16, 2023. Crown Crafts specializes in consumer products for infants and toddlers.
Crown Crafts, Inc. (NASDAQ: CRWS) announced its participation in the 12th Annual Midwest IDEAS Investor Conference on August 24, 2022, in Chicago, Illinois. Olivia W. Elliott, President and CEO, along with Craig J. Demarest, VP and CFO, will present at 2:15 p.m. CDT. The presentation will be streamed live, accessible via the conference website and the company's investor relations page. A replay will be available for 90 days post-event. The IDEAS Investor Conferences aim to connect quality companies with investment professionals.
Crown Crafts, Inc. (CRWS) reported Q1 fiscal 2023 results, showing a net income of $1.4 million ($0.14 per diluted share) on net sales of $15.7 million, down from $2.7 million and $18.7 million in Q1 2022. Gross profit improved to 32.8% of net sales from 24.9%. The company declared a quarterly dividend of $0.08 per share, reflecting a strong balance sheet despite market challenges, including rising inflation leading to decreased retailer purchases. CEO Olivia W. Elliott emphasized commitment to long-term growth strategies and maintaining customer relationships.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) plans to announce its first quarter of fiscal 2023 financial results on August 17, 2022, prior to market opening. CEO Olivia W. Elliott and CFO Craig J. Demarest will lead a teleconference at 1:00 p.m. CDT to discuss the results. Interested participants can join by calling (844) 861-5504 or via the company's website. A replay of the teleconference will be available until November 17, 2022 for those unable to attend the live call.
Crown Crafts, Inc. (CRWS) reported a 17.7% increase in net sales for Q4 and 10.4% for the full year, with Q4 net income at $2.4 million ($0.24/share), up from $238,000 ($0.02/share) in Q4 2021. Annual net income rose to $9.9 million ($0.98/share) vs. $6.1 million ($0.60/share) in 2021. However, gross profit margin decreased to 25.0% in Q4 from 26.7% year-over-year, and from 30.4% to 26.7% for the full year. The company declared a $0.08 per share dividend and remains optimistic about future growth.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced plans to release its Q4 and FY 2022 results on June 8, 2022, before market open. CEO Olivia W. Elliott and CFO Craig J. Demarest will host a teleconference at 1:00 p.m. CDT to discuss the earnings and answer questions. Interested participants can join the teleconference by calling (844) 861-5504 or by accessing it online. A replay will be available until September 8, 2022. Crown Crafts is a leading producer of infant and juvenile products, operating through its subsidiaries NoJo Baby & Kids and Sassy Baby.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) has declared a quarterly cash dividend of $0.08 per share on its Series A common stock. This dividend will be paid on July 8, 2022, to stockholders of record by June 17, 2022. President and CEO Olivia W. Elliott highlighted strong market fundamentals and excellent operating cash flow as crucial factors for this decision, expressing the company’s commitment to providing value to shareholders. Crown Crafts specializes in infant and juvenile consumer products, operating through subsidiaries like NoJo Baby & Kids and Sassy Baby.
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