8-K filing — CROWN CRAFTS INC (CRWS)
Filed: 2026-08-31 AccNo: 0001437749-26-029311 Size: 174 KB Item 4.01: Changes in Registrant's Certifying Accountant Item 9.01: Financial Statements and Exhibits
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Crown Crafts (NASDAQ:CRWS) reported fourth-quarter financial results on Wednesday. The transcript from the company's fourth-quarter earnings call has been provided below. This content is powered by Benzinga APIs.
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Filed: 2026-08-31 AccNo: 0001437749-26-029311 Size: 174 KB Item 4.01: Changes in Registrant's Certifying Accountant Item 9.01: Financial Statements and Exhibits
Crown Crafts reported solid Q1 2027 results with 8% net sales growth to $16.8 million and improved profitability despite soft consumer demand. The company benefited from $4.7 million in tariff refunds, expanded adjusted gross margins by 290 basis points to 25.6%, and reduced debt from $14 million to $9.6 million. The Groovy Girls doll relaunch exceeded expectations particularly in Canada, while the company plans an 18-month warehouse consolidation project and reduced its quarterly dividend to allocate more capital toward growth and debt reduction.
Crown Crafts (NASDAQ:CRWS) reported quarterly earnings of $0.19 per share. This is a 290 percent increase over losses of $(0.10) per share from the same period last year. The company reported $16.766 million in sales
Crown Crafts, Inc. (NASDAQ-CM: CRWS), a producer and distributor of infant and juvenile consumer products, announced it will release first quarter fiscal 2027 results on August 12, 2026 after market close, followed by a teleconference with President and CEO Olivia W. Elliott and CFO Claire K. Spencer at 4:00 p.m. Central Time.