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. 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.