---
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"
generated_at: "2026-06-13T19:26:05.333105+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Crown Crafts Q4 net income falls to $0.08 EPS; full-year sales down 14%

## Summary
- 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.

## SEC filing metadata
- 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
- 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/25895/000143774923018048/0001437749-23-018048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25895/000143774923018048/crws20230615_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-018048
- JSON: https://secwatch.observer/filing/0001437749-23-018048.json
- Plain text: https://secwatch.observer/filing/0001437749-23-018048.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal year 2023, which ended April 2, 2023
  - Revenue: $75.1 million
  - Net income: $5.7 million
  - EPS: $0.56 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/25895/000143774923018048/0001437749-23-018048-index.htm
- Earnings Releases
  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.
  - Period: fourth quarter and full year of fiscal year 2023, which ended April 2, 2023
  - Revenue: $21.6 million
  - Net income: $828,000
  - EPS: $0.08 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/25895/000143774923018048/0001437749-23-018048-index.htm

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