Earnings ·
Crown Crafts reported first quarter fiscal 2027 net sales of $16.8 million, up from $15.5 million in the prior-year…
CRWSCrown Crafts Inc
Crown Crafts reported first quarter fiscal 2027 net sales of $16.8 million, up from $15.5 million in the prior-year period, and net income of $2.1 million compared to a loss of $1.1 million. Gross profit margin reached 47.9%, aided by $3.7 million in tariff refunds; adjusted for these refunds, the margin was 25.6%. The Board declared a quarterly cash dividend of $0.03 per share, payable October 2, 2026 to shareholders of record on September 11, 2026. Additionally, stockholders approved an amendment to the 2021 Incentive Plan, increasing available shares from 1.2 million to 2.45 million. The company operates in the consumer products industry, designing and distributing infant, toddler, and juvenile goods.