secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001437749-22-027499
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774922027499/0001437749-22-027499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774922027499/crws20221109_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027499

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