{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-018048","form_type":"8-K","ticker":"CRWS","cik":"0000025895","company_name":"CROWN CRAFTS INC","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.687834+00:00","generated_at":"2026-06-13T19:26:05.333105+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 Q4 net income falls to $0.08 EPS; full-year sales down 14%","bullets":["Q4 net sales $21.6M vs $25.7M YoY; net income $828K ($0.08 diluted) vs $2.4M ($0.24).","FY2023 net sales $75.1M (down 14% from $87.4M); net income $5.7M ($0.56) vs $9.9M ($0.98).","Acquired Manhattan Group (Manhattan Toy) on March 17, 2023; $358K acquisition expenses in Q4.","Quarterly dividend of $0.08/share declared, payable July 7, 2023 to June 16 record holders.","CEO cites excess inventory, inflation, and lower consumer demand as key headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-018048","json":"https://secwatch.observer/filing/0001437749-23-018048.json","markdown":"https://secwatch.observer/filing/0001437749-23-018048.md","text":"https://secwatch.observer/filing/0001437749-23-018048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25895/000143774923018048/0001437749-23-018048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25895/000143774923018048/crws20230615_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T19:26:05.333105+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":"8053b5eb81b889a31393e6c8f8242ba2f3e6f7df","claim":"CROWN CRAFTS INC reported fiscal year 2023, which ended April 2, 2023 results: revenue $75.1 million, net income $5.7 million, EPS $0.56 per diluted share.","evidence_excerpt":"Net sales of $75.1 million, compared to $87.4 million in fiscal 2022 ● Gross margin of 26.4% of net sales, compared to 26.7% in the prior year ● Net income of $5.7 million, or $0.56 per diluted share, compared to $9.9 million, or $0.98 per diluted share, in the prior year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774923018048/0001437749-23-018048-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023, which ended April 2, 2023"},{"label":"Revenue","value":"$75.1 million"},{"label":"Net income","value":"$5.7 million"},{"label":"EPS","value":"$0.56 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"eb4f2848329af5d98a01a211f95b5b26ae74952d","claim":"CROWN CRAFTS INC reported fourth quarter and full year of fiscal year 2023, which ended April 2, 2023 results: revenue $21.6 million, net income $828,000, EPS $0.08 per diluted share.","evidence_excerpt":"Net sales of $21.6 million, compared to $25.7 million in the prior-year quarter ● Net income of $828,000, or $0.08 per diluted share, compared to $2.4 million, or $0.24 per diluted share, in the prior-year quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774923018048/0001437749-23-018048-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year of fiscal year 2023, which ended April 2, 2023"},{"label":"Revenue","value":"$21.6 million"},{"label":"Net income","value":"$828,000"},{"label":"EPS","value":"$0.08 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"}