Crown Crafts Q3 net sales down 16% to $19.0M; EPS falls to $0.13 from $0.24

CROWN CRAFTS INC

Net sales $19.0M vs $22.7M YoY; net income $1.3M ($0.13 diluted) vs $2.4M ($0.24).
Gross margin contracted to 23.7% from 27.1%; inventory reduced to $25.8M from $27.7M sequentially.
Nine-month net sales $53.4M vs $61.7M; net income $4.8M ($0.48) vs $7.5M ($0.74).
Board declared $0.08 quarterly dividend, payable April 7, 2023 to holders of record March 17, 2023.
Cash increased sequentially to $3.1M; company cites macroeconomic headwinds.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CROWN CRAFTS INC reported the third quarter of fiscal year 2023, which ended January 1, 2023 results: revenue $19.0 million, net income $1.3 million, EPS $0.13 per diluted share.

Period: the third quarter of fiscal year 2023, which ended January 1, 2023
Revenue: $19.0 million
Net income: $1.3 million
EPS: $0.13 per diluted share
Result: reported results

Exact text from the filing

Net income for the third quarter of fiscal 2023 was $1.3 million, or $0.13 per diluted share, on net sales of $19.0 million, compared with net income of $2.4 million, or $0.24 per diluted share, on net sales of $22.7 million for the third quarter of fiscal 2022.

View on SEC.gov

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

CROWN CRAFTS INC filing history →

Source: SEC EDGAR

accession 0001437749-23-003452

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.