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) 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.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced it will release its Q3 fiscal year 2022 results on February 9, 2022, before market opening. The teleconference, led by CEO E. Randall Chestnut and other executives, will take place at 10:00 a.m. CST to discuss these results. Interested parties can join the call by dialing (844) 861-5504 or listen via the Company’s website. A replay will be available until February 16, 2022. Crown Crafts specializes in designing and distributing infant and juvenile consumer products.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced that President Olivia W. Elliott and CFO Craig J. Demarest will present at the Southwest IDEAS Investor Conference on November 17, 2021, at 8:45 a.m. CST in Dallas, Texas. The presentation will be webcast live and accessible via the conference's main website and Crown Crafts' investor relations page. A replay will be available for 90 days following the event. The IDEAS Investor Conferences aim to provide regional venues for quality companies to present to investment professionals.
Crown Crafts, Inc. (NASDAQ: CRWS) reported a net income of $2.4 million for Q2 FY2022, yielding $0.24 per diluted share, on net sales of $20.2 million. This reflects a decrease from $2.5 million and $21.7 million in Q2 FY2021. Excluding Carousel Designs, net sales rose 9.8% year-to-date. The company declared a special cash dividend of $0.35 per share, alongside a quarterly dividend of $0.08, payable on December 31, 2021. Despite operational challenges, including Hurricane Ida's impact, management maintains a positive outlook.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will announce its second-quarter fiscal year 2022 results on November 10, 2021, before market opening. The announcement will be followed by a teleconference at 1:00 p.m. CST for discussion and Q&A. Interested participants can join by calling (844) 861-5504 or listen online at www.crowncrafts.com. A replay of the call will be available until February 8, 2022, by dialing (877) 344-7529 in the U.S. The Company designs and distributes a range of infant and juvenile products.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) reported a significant 15.5% increase in net sales for Q1 of fiscal year 2022, totaling $18.7 million. The company achieved $2.7 million in net income, or $0.27 per diluted share, compared to $1.2 million and $0.12 per diluted share in the prior year. Despite a decline in gross profit margin to 24.9% from 31.0%, the board declared a quarterly dividend of $0.08 per share, reflecting ongoing strength from its subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will report its Q1 fiscal year 2022 results on August 11, 2021, before market opening. The teleconference, hosted by top executives E. Randall Chestnut, Olivia W. Elliott, and Craig J. Demarest, is scheduled for 1:00 PM CDT on the same day. Interested parties can join via phone or listen online. A replay will be available after the call until November 11, 2021. Crown Crafts specializes in infant and juvenile products, with a significant market presence through its subsidiaries.
Crown Crafts reported a 7.5% increase in net sales for Q4 and a 7.9% increase for the full year 2021, with net income at $238,000 or $0.02 per diluted share for Q4, down from $1.6 million or $0.16 per diluted share in Q4 2020. Gross profit improved to 26.7% of net sales for Q4 and 30.4% for the full year. The closure of Carousel Designs resulted in a $2.2 million impairment. The company declared a quarterly cash dividend of $0.08 per share, to be paid on July 2, 2021.
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