Crown Crafts, Inc., through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods. The company sells its products primarily to mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, internet accounts, wholesale clubs and internet-based retailers through a network of sales force and independent commissioned sales representatives. Crown Crafts, Inc. was incorporated in 1957 and is headquartered in Gonzales, Louisiana.
IPO Year:
Exchange: NASDAQ
Website: crowncrafts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2022 | $8.50 → $7.50 | Neutral | DA Davidson |
GONZALES, La. , Feb. 12, 2025 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the third quarter fiscal year 2025, which ended December 29, 2024. Third Quarter Summary Net sales of $23.3 million Gross profit of $6.1 million; gross margin of 26.1 percent Net income of $893,000, or $0.09 per diluted shareDeclared quarterly dividend of $0.08 per share of Series A common stock "Our third quarter fiscal 2025 results reflect our continued ability to generate cash flow and profitability in a challenging macroeconomic environment. Our balance sheet is strong. We are efficiently lowering inventory levels from prior year even
GONZALES, La., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the second quarter of fiscal year 2025, which ended September 29, 2024. Second Quarter Summary Net sales of $24.5 million, compared with $24.1 million in the prior-year quarterGross profit of 28.4 percent of net sales compared with 27.3 percent in the second quarter of fiscal 2024Net income of $860,000, or $0.08 per diluted share. This quarter includes approximately $788,000 ($611,000 and $0.06 per diluted share after tax) of acquisition-related costsAcquired the assets and liabilities of Baby Boom Consumer Products, Inc. ("Baby Boom") on July 19th Subsequen
GONZALES, La., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the first quarter of fiscal year 2025, which ended June 30, 2024. First Quarter Summary Net sales of $16.2 million, compared with $17.1 million in the prior-year quarter Gross profit was 24.5% of net sales in the current quarter, 27.7% in the prior-year quarter Net loss of $322,000, or $0.03 per share Net loss includes expenses of approximately $244,000 ($193,000 after tax, or $0.02 per share) associated with the closure of the Company's subsidiary in the United Kingdom, and approximately $116,000 ($90,000 after tax, or $0.01 per share) of costs associated with
GONZALES, La., July 22, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) ("Crown Crafts" or the "Company") today announced that it has acquired substantially all of the assets of Baby Boom Consumer Products, Inc. ("Baby Boom"), a leading provider in the toddler bedding and diaper bag categories. Baby Boom designs, sources, markets and sells high-quality and functional toddler bedding and diaper bags. In addition to its own brands, Baby Boom offers licensed products, including Bluey, Ms. Rachel, Cocomelon, Paw Patrol, Eddie Bauer and others. "We are excited to add Baby Boom's portfolio of branded and licensed products to our lineup. This acquisition enhances our presence in the t
GONZALES, La., June 28, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the fourth quarter and fiscal year 2024, which ended March 31, 2024. Fourth Quarter Summary Net sales of $22.6 million, compared to $21.6 million in the prior-year quarter Gross margin of 23.2% versus 21.9% in the fourth quarter of fiscal 2023 Net income of $1.0 million, or $0.10 per diluted shareDeclared quarterly dividend of $0.08 per share of Series A common stock Fiscal Year 2024 Summary Net sales of $87.6 million, compared to $75.1 million in fiscal 2023Gross margin of 26.2% versus 26.4% in the prior year Net income of $4.9 million, or $0.48 per diluted shar
GONZALES, La., May 14, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") announced today that its Board of Directors has declared a quarterly cash dividend on its Series A common stock of $0.08 per share to be paid on July 5, 2024 to stockholders of record at the close of business on June 14, 2024. About Crown Crafts, Inc. Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products. Founded in 1957, Crown Crafts is one of America's largest producers of infant and toddler bedding and blankets, bibs, soft bath products, disposable products and developmental toys. The Company operates through its wholly owned subsidiaries, Sassy
GONZALES, La., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the third quarter fiscal year 2024, which ended December 31, 2023. Third Quarter Summary Net sales of $23.8 million, an increase of 25.2% from the prior-year quarter Gross profit as a percentage of net sales of 27.0%, up from 23.7% in the third quarter of fiscal 2023Net income of $1.7 million, or $0.17 per diluted share, compared to $1.3 million or $0.13 per diluted share in the prior-year quarterDeclared quarterly dividend of $0.08 per share of Series A common stock "Our third quarter fiscal 2024 results reflect the contribution of Manhattan Toy and the steps we
GONZALES, Louisiana, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported financial results for the second quarter of fiscal year 2024, which ended October 1, 2023. Second Quarter Summary Net sales of $24.1 million in the current quarter, an increase of 28.9% over the prior yearGross profit was 27.3% of net sales in the current quarter, 29.1% in the prior-year quarterNet income in the current-year quarter of $1.8 million, or $0.18 per diluted share, compared with $2.0 million, or $0.20 per diluted share, in the prior-year quarterDeclared quarterly dividend of $0.08 per share of Series A common stock "Our increase in net sales for the se
GONZALES, La., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the first quarter of fiscal year 2024, which ended July 2, 2023. First Quarter Summary Net sales of $17.1 million, an increase of 9.0% from the prior-year quarter Net income of $366,000, or $0.04 per diluted shareDeclared quarterly dividend of $0.08 per share of Series A common stock "Our first quarter fiscal 2024 results reflect the ongoing macroeconomic headwinds and higher costs across our business. Net sales increased by 9.0% primarily due to our acquisition of Manhattan Toy in March, which contributed $3.7 million to net sales in the current-year quarter, and
GONZALES, La., June 22, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the fourth quarter and fiscal year 2023, which ended April 2, 2023. Fourth Quarter Summary Net sales of $21.6 million, compared to $25.7 million in the prior-year quarter Net income of $828,000, or $0.08 per diluted share, compared to $2.4 million, or $0.24 per diluted share, in the prior-year quarterDeclared quarterly dividend of $0.08 per share of Series A common stockAcquired Manhattan Group, LLC ("Manhattan Toy") on March 17, 2023 Fiscal 2023 Summary Net sales of $75.1 million, compared to $87.4 million in fiscal 2022Gross margin of 26.4% of net sales
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GONZALES, La. , Feb. 12, 2025 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the third quarter fiscal year 2025, which ended December 29, 2024. Third Quarter Summary Net sales of $23.3 million Gross profit of $6.1 million; gross margin of 26.1 percent Net income of $893,000, or $0.09 per diluted shareDeclared quarterly dividend of $0.08 per share of Series A common stock "Our third quarter fiscal 2025 results reflect our continued ability to generate cash flow and profitability in a challenging macroeconomic environment. Our balance sheet is strong. We are efficiently lowering inventory levels from prior year even
GONZALES, La., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the third quarter of fiscal year 2025 before the market opens on Wednesday, February 12, 2025. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on Wednesday, February 12, 2025 to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconferenc
GONZALES, La., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the 16th Annual Southwest IDEAS Investor Conference on Wednesday, November 20, 2023, at The Statler Hotel in Dallas, Texas. Management is scheduled to present at 8:35 a.m. Central Standard Time and host one-on-one meetings throughout the day. The presentation will be webcast live and may be accessed at the conference host's main website, https://www.threepartadvisors.com/southwest and in the investor relations section of the Company'
GONZALES, La., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the second quarter of fiscal year 2025, which ended September 29, 2024. Second Quarter Summary Net sales of $24.5 million, compared with $24.1 million in the prior-year quarterGross profit of 28.4 percent of net sales compared with 27.3 percent in the second quarter of fiscal 2024Net income of $860,000, or $0.08 per diluted share. This quarter includes approximately $788,000 ($611,000 and $0.06 per diluted share after tax) of acquisition-related costsAcquired the assets and liabilities of Baby Boom Consumer Products, Inc. ("Baby Boom") on July 19th Subsequen
GONZALES, La., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the second quarter of fiscal year 2025 before the market opens on Tuesday, November 12, 2024. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on Tuesday, November 12, 2024 to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconferen
GONZALES, La., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the 15th Annual Midwest IDEAS Investor Conference on Wednesday, August 28, 2024, at The Gwen, a Luxury Collection Hotel, in Chicago, Illinois. Management is scheduled to present at 11:30 a.m. Central Daylight Time. The presentation will be webcast live and may be accessed at the conference host's main website, https://www.threepartadvisors.com/midwest and in the investor relations section of the Company's website, www.crowncraf
GONZALES, La., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today reported results for the first quarter of fiscal year 2025, which ended June 30, 2024. First Quarter Summary Net sales of $16.2 million, compared with $17.1 million in the prior-year quarter Gross profit was 24.5% of net sales in the current quarter, 27.7% in the prior-year quarter Net loss of $322,000, or $0.03 per share Net loss includes expenses of approximately $244,000 ($193,000 after tax, or $0.02 per share) associated with the closure of the Company's subsidiary in the United Kingdom, and approximately $116,000 ($90,000 after tax, or $0.01 per share) of costs associated with
GONZALES, La., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the first quarter of fiscal 2025 after the market closes on Wednesday, August 14, 2024. Olivia W. Elliott, President and Chief Executive Officer. and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Daylight Time on Thursday, August 15, 2024 to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconference can a
NEW YORK, July 30, 2024 /PRNewswire/ -- First Citizens Bank today announced that its CIT Commercial Services unit provided up to $48 million in financing to Crown Crafts Inc. (NASDAQ:CRWS), one of America's largest producers of infant bedding, toddler bedding, bibs, toys and disposable products. The financing, which included a $5 million upsize to a $40 million committed ABL revolving line of credit and a $8 million term loan, was used in part by Crown Crafts to facilitate its recent acquisition of the assets of Baby Boom Consumer Products, a leading provider in the toddler be
D.A. Davidson & Co. announced today that it served as financial advisor to Crown Crafts, Inc. (NASDAQ:CRWS) ("Crown Crafts") with the successful acquisition of Baby Boom Consumer Products, Inc. ("Baby Boom"), a leader in toddler bedding and an early disruptor in the diaper bag category, from The Betesh Group. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723540293/en/D.A. Davidson & Co. announced today that it served as financial advisor to Crown Crafts, Inc. with the successful acquisition of Baby Boom Consumer Products, Inc., a leader in toddler bedding and an early disruptor in the diaper bag category, from The Betesh Gro
GONZALES, La., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the third quarter of fiscal year 2025 before the market opens on Wednesday, February 12, 2025. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on Wednesday, February 12, 2025 to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconferenc
GONZALES, La., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the second quarter of fiscal year 2025 before the market opens on Tuesday, November 12, 2024. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on Tuesday, November 12, 2024 to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconferen
GONZALES, La., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the first quarter of fiscal 2025 after the market closes on Wednesday, August 14, 2024. Olivia W. Elliott, President and Chief Executive Officer. and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Daylight Time on Thursday, August 15, 2024 to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconference can a
GONZALES, La., June 21, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the fourth quarter and full year of fiscal 2024 before the market opens on Friday, June 28, 2024. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Daylight Time on that day to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconference can also be acc
GONZALES, La., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the third quarter fiscal year 2024 before the market opens on Wednesday, February 14, 2024. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on that day to discuss the Company's results and answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and asking to join the Crown Crafts, Inc. call. The teleconference can also be acces
GONZALES, La., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that it intends to release the results of its operations for the second quarter fiscal year 2024 before the market opens on Wednesday, November 15, 2023. Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on that day to discuss the Company's results and to answer appropriate questions. Interested individuals may join the teleconference by dialing (844) 861-5504 and ask to join the Crown Crafts, Inc. call. The teleconference can also be accesse
GONZALES, La., April 20, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ:CRWS) (the "Company") today announced that Michael Benstock has been appointed to the Company's Board of Directors, effective May 1, 2023, to serve until the Company's next Annual Meeting of Stockholders. Mr. Benstock is the President and Chief Executive Officer of Superior Group of Companies, Inc. ("Superior"), positions he has held since 2003. Mr. Benstock has also served as Chairman of the Board of Superior since February 2023 and as a director of Superior since 1985. He has held multiple other positions with Superior since joining in 1979, including Co-President and Executive Vice President. Mr. Benstock prev
DA Davidson reiterated coverage of Crown Crafts with a rating of Neutral and set a new price target of $7.50 from $8.50 previously
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