Crown Crafts Q2 fiscal 2023 EPS $0.20 on $18.7M sales; dividend $0.08 declared

CROWN CRAFTS INC

Net income $2.0M ($0.20 diluted) vs $2.4M ($0.24) a year ago; sales $18.7M down from $20.2M.
Six-month net income $3.5M ($0.34) on sales $34.4M; prior year included $1.985M PPP loan gain.
Gross margin improved to 30.8% YTD vs 27.5% in prior-year period.
Quarterly dividend of $0.08 per share payable Jan 6, 2023 to holders of record Dec 16, 2022.
CEO cites inflation and retailer inventory headwinds but notes strong balance sheet.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CROWN CRAFTS INC reported the first six months of fiscal 2023 results: revenue $34.4 million, net income $3.5 million, EPS $0.34 per diluted share.

Period: the first six months of fiscal 2023
Revenue: $34.4 million
Net income: $3.5 million
EPS: $0.34 per diluted share
Result: reported results

Exact text from the filing

For the six-month fiscal period, net income was $3.5 million, or $0.34 per diluted share, on net sales of $34.4 million

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CROWN CRAFTS INC reported the second quarter of fiscal 2023 results: revenue $18.7 million, net income $2.0 million, EPS $0.20 per diluted share.

Period: the second quarter of fiscal 2023
Revenue: $18.7 million
Net income: $2.0 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

Net income for the second quarter of fiscal 2023 was $2.0 million, or $0.20 per diluted share, on net sales of $18.7 million

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

CROWN CRAFTS INC filing history →

Source: SEC EDGAR

accession 0001437749-22-027499

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