---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-020780"
form_type: "8-K"
ticker: "CRWS"
cik: "0000025895"
company_name: "CROWN CRAFTS INC"
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:14:59.655302+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Crown Crafts Q1 diluted EPS $0.14 vs $0.27; revenue $15.7M down from $18.7M

## Summary
- Net income $1.4M ($0.14 diluted EPS) vs $2.7M ($0.27) in prior-year quarter; net sales $15.7M vs $18.7M.
- Gross profit margin improved to 32.8% of sales from 24.9% in prior-year quarter.
- Prior-year quarter included $1.985M gain on PPP loan forgiveness and $631K sales from Carousel Designs (ceased); excluding those, adjusted net income would have been $1.5M.
- Board declared $0.08 per share quarterly dividend, payable Oct 7, 2022 to holders of record Sep 16, 2022.
- CEO cites inflation and retailer inventory reductions as challenges; company maintains strong shelf space and customer relationships.

## SEC filing metadata
- accession: 0001437749-22-020780
- form_type: 8-K
- ticker: CRWS
- cik: 0000025895
- company_name: CROWN CRAFTS INC
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25895/000143774922020780/0001437749-22-020780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25895/000143774922020780/crws20220811_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-020780
- JSON: https://secwatch.observer/filing/0001437749-22-020780.json
- Plain text: https://secwatch.observer/filing/0001437749-22-020780.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.