Crown Crafts

Crown Crafts, Inc. engages in designing, marketing, and distribution of infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, and burp cloths, Hooded Bath towels and wash clothes, development toys and feeding and care goods. The firm's brands include Nojo, Neat Solutions, Sassy and Carousel Designs. The company was founded by Philip Bernstein in 1957 and is headquartered in Gonzales, LA.

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CRWS reports Q1 2023 challenges but maintains profitability, eyes growth

CRWS faced challenges in Q1 2023 due to port delays, inflation, and reduced consumer spending, resulting in declines in net sales, gross margin, and net income. However, the company maintained profitability, strengthened customer relationships, and announced the strategic acquisition of Manhattan Group, which is expected to drive future growth.

Crown Crafts, Inc. reports 9% sales increase, maintains profitability amidst market challenges

Crown Crafts, Inc. demonstrated resilience in maintaining profitability despite market challenges. The addition of Manhattan Toy is expected to contribute positively to earnings, while the company is actively pursuing strategies to address market challenges and capitalize on international opportunities.

Crown Crafts (CRWS) reports lower Q3 earnings amidst strategic growth plans

Crown Crafts faced challenges in Q3 2023 due to macroeconomic factors impacting consumer demand, leading to lower net sales and decreased net income.
Despite these challenges, the company declared a cash dividend, outlined a strategic plan for growth, and focused on managing inventory and operational efficiency.
Opportunities lie in expanding product offerings, increasing direct-to-consumer sales, and leveraging technology to drive future performance and profitability.

Crown Crafts faces challenges but maintains profitability through cost-saving measures

Crown Crafts navigated challenges in Q4 2023, maintaining profitability through cost-saving measures despite lower sales and margins. The acquisition of Manhattan Group provides growth opportunities and cost synergies. Focus on addressing challenges and leveraging opportunities for future financial improvement.

Crown Crafts Q1 2024 Earnings: Mixed Performance Amid Growth Initiatives

Crown Crafts reported a mixed performance with sales growth driven by Manhattan Toy but faced margin pressure and reduced net income. The company's focus on Manhattan Toy's growth potential and international opportunities presents avenues for future expansion and profitability.
Despite challenges, Crown Crafts remains optimistic about Manhattan Toy's prospects, aiming for earnings accretion by fiscal year-end 2024. The company's strategic initiatives and positive customer feedback position it well for future growth and market presence.

Crown Crafts reports robust Q2 performance amidst cost pressures

Crown Crafts delivered a strong performance in Q2 2024, showcasing sales growth, effective inventory management, and stable financial results.
The company's strengths lie in resilience in core business areas, operational optimization, and growth opportunities in Manhattan Toy and holiday sales.
Challenges include managing costs, consumer pressures, and maintaining efficient inventory management, requiring strategic focus and adaptation.
Opportunities for Crown Crafts include revenue growth, market expansion, margin improvement, and strategic investments for long-term success and competitiveness.

Crown Crafts (CRWS) reports strong Q3 performance and eyes growth

Crown Crafts (CRWS) delivered a strong performance in Q3 2024, driven by robust sales growth and improved profitability.
The company's strategic focus on expanding product categories and operational efficiencies positions it well for future growth.
While facing challenges in managing expenses and cash flow, Crown Crafts remains optimistic about growth opportunities in retail and operational enhancements.

Crown Crafts Reports Growth, Focuses on Expansion

Crown Crafts concluded fiscal 2024 with solid financial performance and strategic expansions, notably through the acquisition of Manhattan Toy. Despite facing inflationary pressures and integration challenges, the company is optimistic about leveraging its strengthened product lineup and retail partnerships to drive future growth. Shareholders were reassured of continued focus on profitability and market expansion in the upcoming fiscal year.

Crown Crafts reports Q1 loss, eyes growth with Baby Boom

Crown Crafts faced challenges from inflation but saw positive developments in key areas.
The Baby Boom acquisition and new product development offer growth opportunities.
Analysts are interested in the potential of Baby Boom brands and gross margin pressures.

Crown Crafts reports Q2 growth driven by Baby Boom acquisition

Crown Crafts' Q2 performance was driven by the Baby Boom acquisition, leading to increased net sales and improved gross profit. However, challenges include a decline in net income and higher expenses related to the acquisition.
The company's strengths lie in financial stability, successful acquisition funding, and a strategic focus on growth and efficiency. Opportunities exist in revenue growth, cost management, and operational improvements.

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Crown Crafts, Inc. engages in designing, marketing, and distributing infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and wash clothes, development toys, and feeding and care goods. The firm's brands include Sassy, Manhattan Toy, NoJo, and Neat Solutions. The company was founded by Philip Bernstein in 1957 and is headquartered in Gonzales, LA.

GONZALES, La., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter of fiscal year 2022, which ended June 27, 2021.

Crown Crafts Reports Fiscal 2022 First Quarter Results

GONZALES, La., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (the “Company”) (NASDAQ-CM: CRWS) today announced that it intends to release the results of its operations for the first quarter of fiscal year 2022 before the market opens on Wednesday, August 11, 2021. E. Randall Chestnut, Chairman and Chief Executive Officer, Olivia W. Elliott, President and Chief Operating Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 1:00 p.m. Central Daylight Time on that day to discuss the Company's results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Fiscal 2022 First Quarter

Crown Crafts, Inc. (CRWS) CEO Randall Chestnut on Q4 2021 Results - Earnings Call Transcript

GONZALES, La., June 09, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the fourth quarter and fiscal year 2021, which ended March 28, 2021.

Crown Crafts Reports Fiscal 2021 Fourth Quarter and Full Year Results

GONZALES, La., June 02, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (the “Company”) (NASDAQ-CM: CRWS) today announced that it intends to release the results of its operations for the fourth quarter of fiscal year 2021 before the market opens on Wednesday, June 9, 2021. E. Randall Chestnut, Chairman and Chief Executive Officer, Olivia W. Elliott, President and Chief Operating Officer, and Craig J. Demarest, Vice President and Chief Financial Officer will host a teleconference at 10:00 a.m. Central Daylight Time on that day to discuss the Company's results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Fiscal 2021 Fourth Quarter

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The Dow Jones rose 200 points, and both the S&P 500 and Nasdaq gained 0.5%. Meanwhile, Q.ai's artificial intelligence systems have assessed each firm to find the best Top Buys.

Crown Crafts Inc Among Today's Top Buys As The Major Indices Trade In The Green

GONZALES, La., May 11, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) announced today that it is closing the operations of its Carousel Designs, LLC, subsidiary, effective May 21, 2021. The Carousel Designs manufacturing facility in Douglasville, Georgia, and its direct-to-consumer website, www.babybedding.com, will cease operations on that date.

Crown Crafts Announces Closing of Carousel Designs

Although Crown Crafts' revenue growth has been hampered by market headwinds, it remained efficient and flexible which enabled it to better manage its expenses and realize stable profits.

Crown Crafts: Crafting Its Small-But-Terrible Image

GONZALES, La., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced the appointment of Craig Demarest as Vice President and Chief Financial Officer of the Company effective February 22, 2021. Demarest has more than 30 years of experience in financial positions including auditor, controller and chief financial officer. He replaces former CFO Olivia Elliott, who became President and Chief Operating Officer of the Company on January 4, 2021.

Crown Crafts Names Craig Demarest Chief Financial Officer

Crown Crafts, Inc. (CRWS) CEO Randall Chestnut on Q3 2021 Results - Earnings Call Transcript

GONZALES, La., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the third quarter of fiscal year 2021, which ended December 27, 2020.

Crown Crafts Reports Fiscal 2021 Third Quarter Results

GONZALES, La., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (the “Company”) (NASDAQ-CM: CRWS) today announced that it intends to release the results of its operations for the third quarter of fiscal year 2021 before the market opens on Wednesday, February 10, 2021. E. Randall Chestnut, Chairman and Chief Executive Officer, and Olivia W. Elliott, President, Chief Operating Officer and Chief Financial Officer, will host a teleconference at 1:00 p.m. Central Standard Time on that day to discuss the Company's results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Fiscal 2021 Third Quarter

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GONZALES, La., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced today that the Board of Directors has appointed Olivia Elliott to be President and Chief Operating Officer of the Company, effective January 4, 2021. Elliott has been with Crown Crafts for 19 years and has served as the Company's Vice President and Chief Financial Officer since 2008. She will assume responsibility of all day-to-day operations and continue to oversee financial activities for the Company.

Crown Crafts Names Olivia Elliott President and Chief Operating Officer, Effective January 4, 2021

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Shares of Crown Crafts (NASDAQ:CRWS) rose 11.9% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 33.33% over the past year to $0.24, which beat the estimate of $0.17.

Recap: Crown Crafts Q2 Earnings

GONZALES, La, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the second quarter of fiscal year 2021, which ended September 27, 2020.

Crown Crafts Reports Fiscal 2021 Second Quarter Results

GONZALES, La., Nov. 06, 2020 (GLOBE NEWSWIRE) -- Sassy Baby, Inc., a wholly-owned subsidiary of Crown Crafts, Inc. (NASDAQ-CM: CRWS), (the “Company”) today announced that its Stacks of Circles™ Ring Stacker had received Newsweek's Best in STEM 2021 Award for all age categories.

Sassy® Stacks of Circles™ Ring Stacker Wins Newsweek's Best in STEM 2021 Award

GONZALES, La., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (the “Company”) (NASDAQ-CM: CRWS) today announced that it intends to release the results of its operations for the second quarter of fiscal year 2021 after the market closes on Tuesday, November 10, 2020. E. Randall Chestnut, Chairman, President and Chief Executive Officer, and Olivia W. Elliott, Vice President and Chief Financial Officer, will host a teleconference at 1:00 p.m. Central Standard Time on Wednesday, November 11, 2020 to discuss the Company's results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Fiscal 2021 Second Quarter

Crown Crafts, Inc. (CRWS) CEO Randall Chestnut on Q1 2021 Results - Earnings Call Transcript

GONZALES, La., Aug.  12, 2020  (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter of fiscal year 2021, which ended June 28, 2020.

Crown Crafts Reports Fiscal 2021 First Quarter Results

GONZALES, La., Aug.  05, 2020  (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (the “Company”) (NASDAQ-CM: CRWS) today announced that it intends to release the results of its operations for the first quarter of fiscal year 2021 before the market opens on Wednesday, August 12, 2020.  E. Randall Chestnut, Chairman, President and Chief Executive Officer, and Olivia W. Elliott, Vice President and Chief Financial Officer, will host a teleconference at 1:00 p.m. Central Daylight Time on that day to discuss the Company’s results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Fiscal 2021 First Quarter

Crown Crafts, Inc. (CRWS) CEO Randall Chestnut on Q4 2020 Results - Earnings Call Transcript

Shares of Crown Crafts (NASDAQ:CRWS) decreased 5% after the company reported Q4 results.

Crown Crafts: Q4 Earnings Insights

GONZALES, La., June  10, 2020  (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the fourth quarter and fiscal year 2020, which ended March 29, 2020.

News for Crown Crafts Stock (CRWS)