Crown Crafts Stock Price, News & Analysis

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.

Crown Crafts, Inc. (NASDAQ-CM: CRWS) has launched a new line of eco-friendly toys under its subsidiary Sassy Baby, Inc. The Made Green line features developmentally focused toys made from renewable plant-based materials, including sugar cane-derived plastics. These toys meet high-quality standards and are free from BPA and harmful paints. The packaging has achieved Forest Stewardship Council certification, affirming its environmentally sustainable sourcing. This initiative reflects Sassy's commitment to creating a cleaner planet for future generations.

Crown Crafts, Inc. (NASDAQ-CM: CRWS) will present at the 25th Annual Burkenroad Reports Investment Conference on April 29, 2022, at 9:30 a.m. CDT. The event takes place at The Westin New Orleans Hotel, featuring CEO Olivia W. Elliott, CFO Craig J. Demarest, and Treasurer Daniel W. Miller. Burkenroad Reports, established in 1993, provides objective investment research on small-cap companies. Crown Crafts, a leader in infant and juvenile products, operates through subsidiaries NoJo Baby & Kids and Sassy Baby, selling directly to major retailers.

Crown Crafts reported strong financial performance for Q3 of fiscal 2022, with net sales excluding Carousel Designs up 23.8% quarter-over-quarter and 14.6% year-to-date. Earnings per diluted share rose 9.1% for the quarter, reaching $0.24. The company saw increased net income of $2.4 million on $22.7 million in sales, compared to $2.1 million and $19.5 million in the previous year. However, gross profit margin decreased to 27.1% from 31.6% in the prior-year quarter. Olivia Elliott was appointed CEO, effective March 1, 2022. A cash dividend of $0.08 per share was declared, payable April 8, 2022.