Crown Crafts, Inc. filings document financial results, governance matters and material events for its infant, toddler and juvenile consumer products business. Form 8-K reports furnish quarterly and annual operating results, exhibits with earnings releases, dividend actions and discussion of product categories such as bedding, diaper bags, bibs, toys and disposable products.
Proxy and annual meeting filings cover board elections, executive compensation, auditor ratification and stockholder advisory votes. Material-event filings also record changes involving subsidiary executive roles, employment and compensation arrangements, linking governance disclosures to operating subsidiaries such as NoJo Baby & Kids.
Crown Crafts, Inc. (CRWS) changed its independent auditor, appointing Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending March 28, 2027 and dismissing KPMG LLP effective August 27, 2026. KPMG’s audit reports for the fiscal years ended March 29, 2026 and March 30, 2025 contained no adverse opinions, disclaimers, or qualifications.
The company states there were no disagreements with KPMG on accounting, financial statement disclosure, or audit procedures, and one prior reportable event: a material weakness in internal control over financial reporting related to review and approval of manual journal entries. This weakness was first disclosed for the year ended March 30, 2025 and was reported as remediated as of March 29, 2026.
CROWN CRAFTS INC (CRWS) received a notice that director Donald Ratajczak plans to sell common stock under Rule 144. The proposed sale totals 15,000 shares of common stock, with an aggregate market value of $44,250.00, through an account at The Charles Schwab Corporation, with a proposed sale date of 08/20/2026. The shares to be sold were granted as Director Compensation on 08/11/2014 (1,000 shares), 04/20/2015 (7,000 shares), and 05/10/2024 (7,000 shares), and are held in a trust titled to Donald and Rosalina Ratajczak.
DUARTE IXCHELL reported acquisition or exercise transactions in this Form 4 filing.
CROWN CRAFTS INC director Ixchell Duarte received a grant of 33,546 shares of Common Stock on August 13, 2026 as a restricted stock award. The shares were granted at $0.00 per share as compensation and will vest on the earlier of August 13, 2027 or the date immediately preceding the company’s 2027 Annual Meeting of Stockholders. Following this award, Duarte directly holds 33,546 shares of the company’s common stock.
CROWN CRAFTS INC director Ixchell Duarte filed an initial statement of beneficial ownership on Form 3 in connection with her role as a reporting person of the company. The filing does not list any specific share or derivative positions and discloses no reportable transactions.
CROWN CRAFTS INC director Zenon S. Nie reported several equity movements in Common Stock on August 13, 2026. He received a grant of 33,546 restricted shares under the Amended and Restated 2021 Incentive Plan, vesting on the earlier of August 13, 2027 or the date immediately preceding the company’s 2027 annual stockholders’ meeting. He also made a bona fide gift of 34,944 shares to his spouse, shifting those shares from his direct holdings to indirect ownership "by spouse," with 244,452 shares reported as held indirectly after the gift.
Ferreira Tatiana Gancev reported acquisition or exercise transactions in this Form 4 filing.
CROWN CRAFTS INC director Tatiana Gancev Ferreira received a grant of 33,546 shares of Common Stock on August 13, 2026. The restricted stock was awarded at a stated price of $0.00 per share under the company’s Amended and Restated 2021 Incentive Plan and is scheduled to vest on the earlier of August 13, 2027 or the date immediately preceding the company’s 2027 Annual Meeting of Stockholders. Following this award, she directly holds 33,546 shares of CROWN CRAFTS INC common stock.
BENSTOCK MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
CROWN CRAFTS INC director Michael Benstock received a grant of 33,546 shares of Common Stock as restricted stock under the company’s Amended and Restated 2021 Incentive Plan on August 13, 2026. These shares vest on the earlier of August 13, 2027 or the date immediately preceding the company’s 2027 annual stockholders meeting. Following this award, Benstock directly holds 103,887 shares of Crown Crafts common stock.
CROWN CRAFTS INC reported that Tatiana Gancev Ferreira has become a reporting person as a director of the company through an initial beneficial ownership statement on Form 3. The filing does not list any equity transactions and serves to register her status as an insider.
Crown Crafts, Inc. reported a strong quarterly rebound in profitability for the three-month period ended June 28, 2026. Net sales were $16.8 million, up 8.3% from $15.5 million a year earlier, driven by higher bibs, toys and disposable products, partly offset by lower bedding and diaper bag sales.
Profitability improved sharply as gross profit rose to $8.0 million, a 47.9% margin versus 22.7% last year, largely because a $3.7 million IEEPA tariff refund was recorded as a reduction of cost of products sold. Management states gross margin would have been 25.6% without this one-time benefit, still above the prior-year level. Marketing and administrative expenses increased 10.9% to $5.2 million, including incentive compensation tied to the refunds.
The company swung from a net loss of $1.1 million to net income of $2.1 million, or $0.19 per diluted share. Operating cash flow was $5.5 million, supporting debt reduction: the revolving line of credit balance fell to $5.4 million and the term loan to about $4.2 million, with $11.9 million of additional borrowing availability. Crown Crafts remains highly dependent on major retailers and licensed brands and continues to operate under U.S. tariff uncertainty, although accepted IEEPA refund claims totaled $4.7 million, with $4.6 million received by early August 2026.
Crown Crafts, Inc. reported improved first quarter fiscal 2027 results for the period ended June 28, 2026. Net sales were $16.8 million, up from $15.5 million a year earlier. Net income was $2.1 million, or $0.19 per diluted share, compared with a net loss of $1.1 million, or $0.10 per share, in the prior-year quarter.
Gross profit rose to $8.0 million, benefiting from $3.7 million of tariff refunds recorded to cost of products sold. Excluding tariff refunds, the company stated gross margin was 25.6%, an improvement of 290 basis points year over year. Marketing and administrative expenses increased to $5.2 million, partly due to higher accrued incentive compensation linked to the refunds.
The Board declared a quarterly dividend of $0.03 per share, noting it had been “right-sized” to support growth initiatives, debt reduction and warehouse consolidation over the next two years. Stockholders approved an Amended and Restated 2021 Incentive Plan, increasing shares available for equity awards from 1,200,000 to 2,450,000, and re-elected two Class III directors. KPMG LLP was ratified as independent auditor for the fiscal year ending March 28, 2027.