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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, Inc. (NASDAQ-CM: CRWS) announced that Olivia W. Elliott, President and CEO, and Craig J. Demarest, CFO, will present at the 14th Annual Southwest IDEAS Investor Conference on November 17, 2022, at 8:45 a.m. CST in Dallas, Texas. The presentation will be available via live webcast on the conference's main website and the Company's investor relations page, with a replay accessible for 90 days post-event. The IDEAS Investor Conferences aim to provide a quality platform for companies to connect with investment professionals.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) plans to release its Q2 FY 2023 earnings on November 16, 2022, before the market opens. The company will hold a teleconference at 10:00 a.m. Central Standard Time to discuss the results and answer questions. Interested participants can join by dialing (844) 861-5504 or listening online at the company's website. A replay of the call will be available for one hour after the event until 4:00 p.m. Central Standard Time on February 16, 2023. Crown Crafts specializes in consumer products for infants and toddlers.
Crown Crafts, Inc. (NASDAQ: CRWS) announced its participation in the 12th Annual Midwest IDEAS Investor Conference on August 24, 2022, in Chicago, Illinois. Olivia W. Elliott, President and CEO, along with Craig J. Demarest, VP and CFO, will present at 2:15 p.m. CDT. The presentation will be streamed live, accessible via the conference website and the company's investor relations page. A replay will be available for 90 days post-event. The IDEAS Investor Conferences aim to connect quality companies with investment professionals.
Crown Crafts, Inc. (CRWS) reported Q1 fiscal 2023 results, showing a net income of $1.4 million ($0.14 per diluted share) on net sales of $15.7 million, down from $2.7 million and $18.7 million in Q1 2022. Gross profit improved to 32.8% of net sales from 24.9%. The company declared a quarterly dividend of $0.08 per share, reflecting a strong balance sheet despite market challenges, including rising inflation leading to decreased retailer purchases. CEO Olivia W. Elliott emphasized commitment to long-term growth strategies and maintaining customer relationships.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) plans to announce its first quarter of fiscal 2023 financial results on August 17, 2022, prior to market opening. CEO Olivia W. Elliott and CFO Craig J. Demarest will lead a teleconference at 1:00 p.m. CDT to discuss the results. Interested participants can join by calling (844) 861-5504 or via the company's website. A replay of the teleconference will be available until November 17, 2022 for those unable to attend the live call.
Crown Crafts, Inc. (CRWS) reported a 17.7% increase in net sales for Q4 and 10.4% for the full year, with Q4 net income at $2.4 million ($0.24/share), up from $238,000 ($0.02/share) in Q4 2021. Annual net income rose to $9.9 million ($0.98/share) vs. $6.1 million ($0.60/share) in 2021. However, gross profit margin decreased to 25.0% in Q4 from 26.7% year-over-year, and from 30.4% to 26.7% for the full year. The company declared a $0.08 per share dividend and remains optimistic about future growth.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced plans to release its Q4 and FY 2022 results on June 8, 2022, before market open. CEO Olivia W. Elliott and CFO Craig J. Demarest will host a teleconference at 1:00 p.m. CDT to discuss the earnings and answer questions. Interested participants can join the teleconference by calling (844) 861-5504 or by accessing it online. A replay will be available until September 8, 2022. Crown Crafts is a leading producer of infant and juvenile products, operating through its subsidiaries NoJo Baby & Kids and Sassy Baby.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) has declared a quarterly cash dividend of $0.08 per share on its Series A common stock. This dividend will be paid on July 8, 2022, to stockholders of record by June 17, 2022. President and CEO Olivia W. Elliott highlighted strong market fundamentals and excellent operating cash flow as crucial factors for this decision, expressing the company’s commitment to providing value to shareholders. Crown Crafts specializes in infant and juvenile consumer products, operating through subsidiaries like NoJo Baby & Kids and Sassy Baby.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) has launched a new line of eco-friendly toys under its subsidiary Sassy Baby, Inc. The Made Green line features developmentally focused toys made from renewable plant-based materials, including sugar cane-derived plastics. These toys meet high-quality standards and are free from BPA and harmful paints. The packaging has achieved Forest Stewardship Council certification, affirming its environmentally sustainable sourcing. This initiative reflects Sassy's commitment to creating a cleaner planet for future generations.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will present at the 25th Annual Burkenroad Reports Investment Conference on April 29, 2022, at 9:30 a.m. CDT. The event takes place at The Westin New Orleans Hotel, featuring CEO Olivia W. Elliott, CFO Craig J. Demarest, and Treasurer Daniel W. Miller. Burkenroad Reports, established in 1993, provides objective investment research on small-cap companies. Crown Crafts, a leader in infant and juvenile products, operates through subsidiaries NoJo Baby & Kids and Sassy Baby, selling directly to major retailers.
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