secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001437749-23-023898
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Crafts Q1 sales up 9% to $17.1M; EPS drops to $0.04 from $0.14 YoY
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- Net sales $17.1M (+9% YoY); Manhattan Toy acquisition contributed $3.7M to sales.
- Net income $366K ($0.04 diluted EPS) vs $1.4M ($0.14) in prior-year quarter.
- Gross margin fell to 27.7% from 32.8%; marketing/admin expenses rose to $4.0M.
- Declared quarterly dividend of $0.08/share, payable Oct 6 to holders of record Sep 15.
- CEO cites inflationary headwinds; expects Manhattan Toy integration to improve results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/0001437749-23-023898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/crws20230809_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023898

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