secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001437749-22-002792
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Crafts Q3 net sales up 16%; appoints Olivia Elliott CEO effective March 1
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- Q3 net sales $22.7M vs $19.5M (+16% YoY); net income $2.4M ($0.24 diluted EPS) vs $2.1M ($0.21).
- Ex-Carousel Designs, net sales up 23.8% in Q3, 14.6% YTD; gross margin fell to 27.1% from 31.6%.
- YTD net income $7.5M ($0.74) includes $1.985M PPP loan forgiveness; adjusted net income $6.3M ($0.63) vs $5.9M ($0.58).
- Olivia Elliott named CEO effective March 1, 2022; E. Randall Chestnut remains Chairman.
- Quarterly dividend of $0.08/share declared, payable April 8 to shareholders of record March 18.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774922002792/0001437749-22-002792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774922002792/crws20220202_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-002792

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