---
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"
generated_at: "2026-06-19T12:18:40.858757+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- 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/25895/000143774923003452/0001437749-23-003452-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25895/000143774923003452/crws20230209_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003452
- JSON: https://secwatch.observer/filing/0001437749-23-003452.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003452.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/25895/000143774923003452/0001437749-23-003452-index.htm

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