Crown Crafts Q4 net sales $25.7M (+17.7% YoY); FY net income $9.9M ($0.98 EPS)

CROWN CRAFTS INC

Q4 net income $2.4M ($0.24 diluted EPS) vs $0.2M ($0.02) in prior-year quarter.
Full-year net sales $87.4M (+10.4%); gross profit margin fell to 26.7% from 30.4%.
FY net income includes $1.985M pre-tax gain on PPP loan forgiveness.
Quarterly dividend declared $0.08/share, payable July 8, 2022 to holders of record June 17.
Carousel Designs net loss of $1.3M in FY2022 vs $2.3M loss in FY2021.

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