secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001437749-21-019361
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Crafts Q1 net sales $18.7M, up 15.5%; net income $2.7M; declares $0.08 dividend
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- Net sales $18.7M vs $16.2M YoY; net income $2.7M ($0.27 diluted EPS) vs $1.2M ($0.12).
- Adjusted net income (excl. $1.985M PPP gain and Carousel) $1.5M ($0.15 EPS) vs $1.2M ($0.12).
- Gross margin 24.9% of sales, down from 31.0% YoY due to product mix and Carousel closure.
- Board declared $0.08/share quarterly cash dividend, payable Oct 1, 2021, record Sep 10, 2021.
- Annual meeting: elected directors Kirschner and Nie; ratified KPMG; approved 2021 incentive plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774921019361/0001437749-21-019361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774921019361/crws20210804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-019361

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer