secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001437749-22-020780
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774922020780/0001437749-22-020780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774922020780/crws20220811_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-020780

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