Crown Crafts, Inc. (CRWS) Q4 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.176 Greetings and welcome to the Crown Crafts Fiscal Fourth Quarter of 2026 Earnings Call. 00:00:06.176 -- 00:00:09.098 At this time, all participants are in a listen-only mode. 00:00:09.098 -- 00:00:12.941 A question and answer session will follow the formal presentation. 00:00:12.941 -- 00:00:16.984 If anyone should require operator assistance during the conference, please press star 00:00:16.984 -- 00:00:19.446 zero on your telephone keypad. 00:00:19.446 -- 00:00:22.528 As a reminder, this conference is being recorded. 00:00:22.528 -- 00:00:27.252 I'd now like to turn the conference over to your host, Olivia Elliott, Chief Executive 00:00:27.252 -- 00:00:30.308 Officer. Please go ahead. 00:00:30.308 -- 00:00:33.770 Thank you, operator, and welcome everyone to this morning's call. 00:00:33.770 -- 00:00:39.273 We're glad you can join us. We generated solid quarterly results in an operating environment 00:00:39.273 -- 00:00:44.195 that continues to be challenging. This reflects the strength of our business model, the 00:00:44.195 -- 00:00:49.398 broad appeal of our brands, and of course, the hard work of our dedicated team. 00:00:49.398 -- 00:00:51.699 Despite global conflicts, 00:00:51.699 -- 00:00:56.962 fluctuating tariffs, higher gas prices, and consistently high inflation weighing 00:00:56.962 -- 00:01:02.442 on the American consumer, were able to hold net sales almost flat with the prior year 00:01:02.442 -- 00:01:07.584 at $22 million, bringing our full-year net sales to more than $80 million. 00:01:07.584 -- 00:01:13.186 In addition, our growth margin improved to nearly 23% during the fourth quarter, 00:01:13.186 -- 00:01:17.367 up 460 basis points versus the prior year period. 00:01:17.367 -- 00:01:22.389 The result was positi...