Crown Crafts, Inc. (CRWS) Q1 2027 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:05.495 Good afternoon, everyone, and welcome to the Crown Crafts Fiscal Year 2027 00:00:05.495 -- 00:00:10.558 First Quarter Conference Call. During today's call, the company may make certain forward-looking 00:00:10.558 -- 00:00:16.782 statements, and actual results may differ materially from those expressed or implied. 00:00:16.782 -- 00:00:21.785 These statements are subject to risks and uncertainties that may be beyond Crown 00:00:21.785 -- 00:00:27.479 Crafts' control, and the company is under no obligation to update these statements. 00:00:27.479 -- 00:00:32.102 For more information about the company's risk factors and other uncertainties, 00:00:32.102 -- 00:00:37.165 please refer to the company's filings with the Securities and Exchange Commission, including 00:00:37.165 -- 00:00:40.306 its annual report on Form 10-K. 00:00:40.306 -- 00:00:44.929 With that, I would now like to turn the call over to President and Chief Executive Officer 00:00:44.929 -- 00:00:47.851 Olivia Elliott. Please go ahead. 00:00:47.851 -- 00:00:52.262 Thank you, Operator, and thank you, everyone, for joining this afternoon's call. 00:00:52.262 -- 00:00:57.305 Today after the close, Crown Crafts reported very solid quarterly results given 00:00:57.305 -- 00:01:02.348 the still solved demand environment. We accomplished this by focusing on what we can 00:01:02.348 -- 00:01:07.572 control, and our team did a terrific job executing on our strategy. 00:01:07.572 -- 00:01:12.935 We were able to grow our net sales 8% despite the uncertainty that consumers continue 00:01:12.935 -- 00:01:18.939 to feel around high interest rates, inflation, and global geopolitical events. 00:01:18.939 -- 00:01:22.025 Improved inventory levels account for most of the growth. 00:01:22....