---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027499"
form_type: "8-K"
ticker: "CRWS"
cik: "0000025895"
company_name: "CROWN CRAFTS INC"
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:48:12.516545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-027499
- form_type: 8-K
- ticker: CRWS
- cik: 0000025895
- company_name: CROWN CRAFTS INC
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25895/000143774922027499/0001437749-22-027499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25895/000143774922027499/crws20221109_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027499
- JSON: https://secwatch.observer/filing/0001437749-22-027499.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027499.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/25895/000143774922027499/0001437749-22-027499-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/25895/000143774922027499/0001437749-22-027499-index.htm

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