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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 reported strong financial performance for Q3 of fiscal 2022, with net sales excluding Carousel Designs up 23.8% quarter-over-quarter and 14.6% year-to-date. Earnings per diluted share rose 9.1% for the quarter, reaching $0.24. The company saw increased net income of $2.4 million on $22.7 million in sales, compared to $2.1 million and $19.5 million in the previous year. However, gross profit margin decreased to 27.1% from 31.6% in the prior-year quarter. Olivia Elliott was appointed CEO, effective March 1, 2022. A cash dividend of $0.08 per share was declared, payable April 8, 2022.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced it will release its Q3 fiscal year 2022 results on February 9, 2022, before market opening. The teleconference, led by CEO E. Randall Chestnut and other executives, will take place at 10:00 a.m. CST to discuss these results. Interested parties can join the call by dialing (844) 861-5504 or listen via the Company’s website. A replay will be available until February 16, 2022. Crown Crafts specializes in designing and distributing infant and juvenile consumer products.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced that President Olivia W. Elliott and CFO Craig J. Demarest will present at the Southwest IDEAS Investor Conference on November 17, 2021, at 8:45 a.m. CST in Dallas, Texas. The presentation will be webcast live and accessible via the conference's main website and Crown Crafts' investor relations page. A replay will be available for 90 days following the event. The IDEAS Investor Conferences aim to provide regional venues for quality companies to present to investment professionals.
Crown Crafts, Inc. (NASDAQ: CRWS) reported a net income of $2.4 million for Q2 FY2022, yielding $0.24 per diluted share, on net sales of $20.2 million. This reflects a decrease from $2.5 million and $21.7 million in Q2 FY2021. Excluding Carousel Designs, net sales rose 9.8% year-to-date. The company declared a special cash dividend of $0.35 per share, alongside a quarterly dividend of $0.08, payable on December 31, 2021. Despite operational challenges, including Hurricane Ida's impact, management maintains a positive outlook.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will announce its second-quarter fiscal year 2022 results on November 10, 2021, before market opening. The announcement will be followed by a teleconference at 1:00 p.m. CST for discussion and Q&A. Interested participants can join by calling (844) 861-5504 or listen online at www.crowncrafts.com. A replay of the call will be available until February 8, 2022, by dialing (877) 344-7529 in the U.S. The Company designs and distributes a range of infant and juvenile products.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) reported a significant 15.5% increase in net sales for Q1 of fiscal year 2022, totaling $18.7 million. The company achieved $2.7 million in net income, or $0.27 per diluted share, compared to $1.2 million and $0.12 per diluted share in the prior year. Despite a decline in gross profit margin to 24.9% from 31.0%, the board declared a quarterly dividend of $0.08 per share, reflecting ongoing strength from its subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will report its Q1 fiscal year 2022 results on August 11, 2021, before market opening. The teleconference, hosted by top executives E. Randall Chestnut, Olivia W. Elliott, and Craig J. Demarest, is scheduled for 1:00 PM CDT on the same day. Interested parties can join via phone or listen online. A replay will be available after the call until November 11, 2021. Crown Crafts specializes in infant and juvenile products, with a significant market presence through its subsidiaries.
Crown Crafts reported a 7.5% increase in net sales for Q4 and a 7.9% increase for the full year 2021, with net income at $238,000 or $0.02 per diluted share for Q4, down from $1.6 million or $0.16 per diluted share in Q4 2020. Gross profit improved to 26.7% of net sales for Q4 and 30.4% for the full year. The closure of Carousel Designs resulted in a $2.2 million impairment. The company declared a quarterly cash dividend of $0.08 per share, to be paid on July 2, 2021.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) will release its fourth-quarter fiscal 2021 results on June 9, 2021, before market opening. The teleconference will be held at 10:00 a.m. CDT, featuring key executives including E. Randall Chestnut, Olivia W. Elliott, and Craig J. Demarest. Participants can join the call by dialing (844) 861-5504 or via the company's website. A replay of the teleconference will be available later that day. Crown Crafts designs and distributes infant and juvenile products, operating through subsidiaries NoJo Baby & Kids and Sassy Baby.
Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced a quarterly cash dividend of $0.08 per share on May 13, 2021. The payment is scheduled for July 2, 2021, to stockholders of record by June 11, 2021. E. Randall Chestnut, Chairman and CEO, emphasized the company's commitment to providing consistent returns while maintaining a strong financial position with a focus on positive cash flow and long-term value.
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