CROWN CRAFTS INC. DL 1

Crown Crafts reported Q1 2026 revenue of $16.8 million (+8% y/y) and net income of $2.1 million, or $0.19 per share, after reporting a loss in the prior year. Adjusted gross margin rose by 290 basis points to 25.6% and total debt fell to $9.6 million. Management cited price adjustments, a more favorable product mix and tariff refunds as drivers; the stock fell slightly in after-hours trading. Crown Crafts plans investments in product development, an Amazon launch for Groovy Girls in the fall and a warehouse consolidation to be completed by May 2028; the quarterly dividend was cut to strengthen liquidity. » Más en de.investing.com

Crown Crafts reported diluted earnings per share of $0.11 for Q2 versus $0.08 a year earlier, on net sales of $23.7 million (prior year $24.5 million). The result beat expectations, sending the stock sharply higher in pre-market trading. The company attributes the improvement to cost management, strategic consolidation of subsidiaries and increased sales in core product lines. Risks remain from global supply-chain issues, tariffs and dependence on key customers; the focus is on further cost reductions and international expansion. » Más en de.investing.com

Crown Crafts has removed Donna E. Sheridan with immediate effect as president and CEO of its subsidiary NoJo Baby & Kids; her employment officially ends on November 30, 2025, and the termination is treated as "without cause" under the contract, entitling her to contractual payments. The company cited an internal consolidation of operations as the reason. Additionally, Crown Crafts reported a net loss of $1.1 million for Q1 of fiscal 2025 on revenue down 4.5% to $15.5 million, pointing to weakening consumer spending and tariff uncertainties. » Más en de.investing.com