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., established in 1957, stands as one of the leading producers of infant bedding, toddler bedding, bibs, and developmental toys in the United States. The company operates through its three wholly-owned subsidiaries: Crown Crafts Infant Products Inc., Hamco Inc. (including the Sassy product line), and Carousel Designs LLC. These subsidiaries market a diverse range of infant, toddler, and juvenile products under company-owned trademarks, licensed collections, and exclusive private label programs.
Crown Crafts Inc. serves an extensive customer base, including mass merchants, large chain stores, juvenile specialty stores, grocery and drug stores, restaurants, wholesale clubs, and internet-based retailers. Additionally, consumers can buy directly from the company's online store at www.babybedding.com.
The company's product portfolio features popular brands like NoJo, Neat Solutions, Sassy, and Carousel. Their offering includes infant and toddler bedding, soft bath products, disposable products, and accessories. Through strategic partnerships, Crown Crafts has managed to maintain a robust presence in the consumer products industry.
In recent years, Crown Crafts Inc. has made notable achievements, including expanding their product lines and reinforcing their market presence. The company's financial health remains steady, driven by consistent revenue from their established brands and products.
Crown Crafts (NASDAQ-CM: CRWS) reported its Q3 fiscal 2025 results, with net sales of $23.3 million, down from $23.8 million in the prior-year quarter. The company posted a gross profit of $6.1 million with a gross margin of 26.1%, compared to 27.0% in Q3 2024. Net income decreased to $893,000 ($0.09 per diluted share) from $1.7 million ($0.17 per diluted share) year-over-year.
Marketing and administrative expenses increased to $4.4 million from $4.1 million in the previous year. The company declared a quarterly dividend of $0.08 per share, payable on April 4, 2025. Management highlighted their focus on cash flow generation, inventory management, and new product development despite challenging macroeconomic conditions.
Crown Crafts (NASDAQ-CM: CRWS) has announced it will release its third quarter fiscal year 2025 operational results before market opening on February 12, 2025. The company will host a teleconference at 8:00 a.m. Central Standard Time on the same day, featuring President and CEO Olivia W. Elliott and CFO Craig J. Demarest, who will discuss results and answer questions.
Participants can join by dialing (844) 861-5504 or access the listen-only mode via the company's website. Financial information will be available on the investor relations section of the website after the earnings release. A replay will be accessible until May 12, 2025, by dialing (877) 344-7529 (US) or (412) 317-0088 (international) with replay code 5182865.
Crown Crafts (NASDAQ-CM: CRWS) has announced its participation in the 16th Annual Southwest IDEAS Investor Conference on November 20, 2023, at The Statler Hotel in Dallas, Texas. President and CEO Olivia W. Elliott and CFO Craig J. Demarest will deliver a presentation at 8:35 a.m. CST and conduct one-on-one meetings throughout the day.
The presentation will be available via live webcast on the conference host's website and Crown Crafts' investor relations page. A replay will remain accessible for 90 days following the presentation.
Crown Crafts (NASDAQ-CM: CRWS) reported Q2 fiscal 2025 results with net sales of $24.5 million, up from $24.1 million year-over-year. The company posted net income of $860,000, or $0.08 per diluted share, including $788,000 in acquisition-related costs. The recent acquisition of Baby Boom contributed $3.4 million in sales, offsetting declines in legacy businesses. Gross profit margin improved to 28.4% from 27.3% in Q2 2024. The company declared a quarterly dividend of $0.08 per share, payable on January 3, 2025.
Crown Crafts (NASDAQ-CM: CRWS) has announced it will release its second quarter fiscal year 2025 operational results before market opening on November 12, 2024. The company will host a teleconference at 8:00 a.m. CST on the same day, led by President and CEO Olivia W. Elliott and CFO Craig J. Demarest. Investors can join via phone at (844) 861-5504 or access the listen-only mode through the company's website. A replay will be available until February 11, 2025, accessible by dialing (877) 344-7529 (US) or (412) 317-0088 (international) with code 3679859.
Crown Crafts Inc (NASDAQ-CM: CRWS) has announced its participation in the 15th Annual Midwest IDEAS Investor Conference. The event is scheduled for August 28, 2024, at The Gwen, a Luxury Collection Hotel in Chicago, Illinois. Olivia W. Elliott, President and CEO, and Craig J. Demarest, VP and CFO, will represent the company, presenting at 11:30 a.m. CDT.
The presentation will be webcast live and accessible through the conference host's website and Crown Crafts' investor relations page. A replay of the webcast will remain available for 90 days after the presentation. This event provides an opportunity for Crown Crafts to engage with investors and showcase its business strategy and performance.
Crown Crafts (NASDAQ-CM: CRWS) reported financial results for Q1 FY2025, ending June 30, 2024. Key highlights include:
- Net sales of $16.2 million, down from $17.1 million in Q1 FY2024
- Gross profit margin decreased to 24.5% from 27.7% year-over-year
- Net loss of $322,000, or $0.03 per share
- Expenses included $244,000 for UK subsidiary closure and $116,000 for Baby Boom acquisition
- Acquired Baby Boom Consumer Products
- Declared quarterly dividend of $0.08 per share
The company cited prolonged inflationary pressures and nonroutine costs impacting Q1 results. Crown Crafts remains optimistic about future opportunities, including the Baby Boom acquisition expected to be immediately accretive to earnings.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) has announced that it will release its first quarter fiscal 2025 results after market close on August 14, 2024. The company will host a teleconference on August 15, 2024, at 8:00 a.m. CDT to discuss the results. Olivia W. Elliott, President and CEO, and Craig J. Demarest, VP and CFO, will lead the call.
Interested parties can join by dialing (844) 861-5504 or access the listen-only mode via the company's website. A replay will be available until November 15, 2024, accessible by dialing (412) 317-0088 with replay code 1632569.
First Citizens Bank's CIT Commercial Services unit has provided up to $48 million in financing to Crown Crafts Inc. (NASDAQ-CM: CRWS), a major producer of infant and toddler bedding and accessories. The financing package includes a $5 million upsize to a $40 million committed ABL revolving line of credit and an $8 million term loan. Crown Crafts used part of this financing to acquire the assets of Baby Boom Consumer Products, expanding its presence in the toddler bedding segment and adding diaper bags to its product line. This financing deal extends CIT's 20-year-plus relationship with Crown Crafts, supporting the company's growth strategy.
D.A. Davidson & Co. has announced its role as financial advisor to Crown Crafts, Inc. (NASDAQ: CRWS) in its successful acquisition of Baby Boom Consumer Products, Inc. from The Betesh Group. Crown Crafts, a leading supplier of infant and toddler products in the US, aims to expand its product portfolio and market presence through this strategic move. Baby Boom, founded in 1988, is known for its innovative diaper bags and toddler bedding products.
The acquisition brings key licenses to Crown Crafts' portfolio, including popular brands like Ms. Rachel, Bluey, and Cocomelon. This move is expected to strengthen Crown Crafts' position in the bedding category and enhance its licensing and retail relationships. The transaction was supported by D.A. Davidson's Consumer Group, with debt financing provided by The CIT Group.
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