Business
Crown Crafts Announces Financial Results for First Quarter Fiscal 2026
GONZALES, La., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter fiscal year 2026, which ended June 29, 2025. First Quarter Summary Net sales of $15.5 million compared to $16.2 million in the prior-year quarterGross profit of 22.7 percent compared to 24.5 percent in the first quarter of fiscal 2025Net loss of ($1.10 million), or ($0.10) per share, compared to net loss of ($0.3 million), or ($0.03 per share), in the
About this update from Crown Crafts, Inc.
[{"type":"image","alt":"Crown Crafts, Inc.","displaySize":"","headline":null,"caption":"Crown Crafts, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":48,"url":"https://media.zenfs.com/en/globenewswire.com/ee538e902c8b8413440b366c2c1d73fe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xJd2gJiJWJWBQb_sqoveGg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY3O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/ee538e902c8b8413440b366c2c1d73fe","width":300,"height":48}},"lazy":false},{"type":"text","content":"GONZALES, La., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter fiscal year 2026, which ended June 29, 2025.","length":191,"tagName":"p"},{"type":"text","content":"First Quarter Summary","length":21,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales of $15.5 million compared to $16.2 million in the prior-year quarter","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of 22.7 percent compared to 24.5 percent in the first quarter of fiscal 2025","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of ($1.10 million), or ($0.10) per share, compared to net loss of ($0.3 million), or ($0.03 per share), in the prior-year quarter","length":138,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 results reflect the impact of increased tariffs","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"Declared quarterly dividend of $0.08 per share of Series A common stock","length":71,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":426,"olType":false},{"type":"text","content":"Olivia Elliott, President and Chief Executive Officer, stated, “Our first quarter results reflect the themes we outlined in our financial results for fiscal year 2025. While the Baby Boom acquisition added $2.1 million in net sales during the first quarter, the persistent impact of tariffs and uncertainty over their permanent levels affected both consumers and suppliers. Despite these uncertainties, we managed just a modest decline in sales and gross profit. As we have noted, we will continue to navigate the tariff environment and search for ways to mitigate their impact, while focusing on increasing sales and market share.”","length":632,"tagName":"p"},{"type":"text","co...