{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-003452","form_type":"8-K","ticker":"CRWS","cik":"0000025895","company_name":"CROWN CRAFTS INC","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.549969+00:00","generated_at":"2026-06-19T12:18:40.858757+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Crown Crafts Q3 net sales down 16% to $19.0M; EPS falls to $0.13 from $0.24","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-003452","json":"https://secwatch.observer/filing/0001437749-23-003452.json","markdown":"https://secwatch.observer/filing/0001437749-23-003452.md","text":"https://secwatch.observer/filing/0001437749-23-003452.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25895/000143774923003452/0001437749-23-003452-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25895/000143774923003452/crws20230209_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T12:18:40.858757+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a60ec1feb7e131f3744943880d578e0bb1739408","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774923003452/0001437749-23-003452-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of fiscal year 2023, which ended January 1, 2023"},{"label":"Revenue","value":"$19.0 million"},{"label":"Net income","value":"$1.3 million"},{"label":"EPS","value":"$0.13 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}