secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001437749-23-003452
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774923003452/0001437749-23-003452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774923003452/crws20230209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-003452

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