Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products through wholly owned subsidiaries including NoJo Baby & Kids, Inc. and Sassy Baby, Inc. Its product categories include infant and toddler bedding, diaper bags, bibs, soft bath products, toys, disposable products and related accessories sold through retailers, internet-based accounts and direct-to-consumer websites.
Recurring Crown Crafts news covers quarterly financial results, dividends on its Series A common stock, product and brand activity involving Sassy, Manhattan Toy, NoJo, Baby Boom and Neat Solutions, and retail-channel developments. Company updates also discuss category sales trends, tariffs, consumer demand, acquisition integration, cost management and participation in industry or investor events.
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.