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) 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.
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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.