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Crown Crafts Inc. (CRWS) delivers essential infant and toddler products through its diversified manufacturing and distribution network. This news hub provides investors and industry observers with direct access to official corporate announcements and market developments.
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Crown Crafts, Inc. (CRWS) reported a net sales increase of 4.8% for Q3 FY2021, totaling $19.5 million, and 8.0% year-to-date, reaching $57.3 million. Net income remained steady at $2.1 million, or $0.21 per diluted share, with gross profit margins improving to 31.6% for the quarter and 31.9% year-to-date. The company also declared a quarterly dividend of $0.08 per share, reflecting confidence in its financial position. The positive financial performance is attributed to strong consumer demand and effective cost control strategies.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will release its third quarter fiscal year 2021 results before the market opens on February 10, 2021. CEO E. Randall Chestnut and CFO Olivia W. Elliott will host a teleconference at 1:00 p.m. CST to discuss these results. Interested parties can join the teleconference by calling (844) 861-5504 or accessing it online at the Company’s website. A replay of the call will be available from one hour after the conclusion until May 11, 2021. Crown Crafts specializes in designing and distributing infant and juvenile products.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced the appointment of Olivia Elliott as President and Chief Operating Officer effective January 4, 2021. With 19 years at the company, she will oversee all operations while continuing her financial duties. E. Randall Chestnut remains Chairman and CEO. The company reported a reduction in debt from $47.7 million to a net cash position of $4.9 million and returned $46 million in dividends to shareholders. Elliott aims to maintain strong cash flow and profitability, focusing on operational excellence.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) reported a strong second quarter for fiscal year 2021, with net sales increasing 16.7% to $21.7 million and net income reaching a record $2.5 million, a 39.8% increase year-over-year. The gross profit margin improved to 32.8% from 31.6% in the prior year. The company's board declared a special dividend of $0.25 per share, in addition to a quarterly dividend of $0.08. Cash balance at quarter-end stood at $6.8 million. The results reflect strong consumer demand and effective cost control.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced the upcoming release of its Q2 fiscal 2021 results on November 10, 2020, after market close. The company will hold a teleconference at 1:00 PM CST on November 11, 2020, featuring E. Randall Chestnut and Olivia W. Elliott to discuss the results and answer questions. Interested parties can join by phone or listen via the company's website. A replay will be available until November 18, 2020. Founded in 1957, Crown Crafts specializes in infant and juvenile products and markets through various subsidiaries.
Crown Crafts reported a 1.6% increase in net sales for Q1 FY2021, totaling $16.2 million. Gross profit improved to 31.0% of net sales, up from 28.5% the previous year. The company also posted a 12.6% rise in net income, amounting to $1.2 million or $0.12 per diluted share. The Board declared a quarterly dividend of $0.08 per share, scheduled for October 2, 2020. Despite pandemic challenges, management highlighted strong consumer demand and effective cost control.
Crown Crafts, Inc. (CRWS) will release its first-quarter fiscal year 2021 results on August 12, 2020, before market opening. The company’s Chairman and CEO, E. Randall Chestnut, along with CFO Olivia W. Elliott, will host a teleconference at 1:00 PM CDT to discuss the results and answer questions from participants. Interested parties can access the call by phone or listen online through the company's website. A replay will be available shortly after the call until November 13, 2020.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced its fiscal year 2020 results, highlighting a net income increase to $6.6 million or $0.65 per diluted share, despite a drop in net sales to $73.4 million. The fourth quarter net income also rose to $1.6 million or $0.16 per diluted share, although gross profit decreased to 26.3% from 28.6% in the previous year. Notably, the Company returned $5.8 million in cash dividends over the past 12 months. Due to COVID-19 uncertainties, the Board decided to suspend the upcoming dividend for Q1 2021 to conserve cash.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will announce its fourth quarter fiscal year 2020 results before market opening on June 10, 2020. The Company will host a teleconference at 1:00 p.m. CDT to discuss the results and answer questions. Interested participants can join the call at (844) 861-5504 or listen online at www.crowncrafts.com. A replay will be available until June 17, 2020. Crown Crafts specializes in infant, toddler, and juvenile products, operating through subsidiaries like NoJo Baby & Kids, Sassy Baby, and Carousel Designs, targeting both retailers and direct consumers.
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