Crown Crafts Q2 net sales up 28.9% to $24.1M; EPS falls to $0.18 vs $0.20

CROWN CRAFTS INC

Net sales $24.1M vs $18.7M prior year; driven by Manhattan Toy acquisition and organic growth.
Net income $1.8M ($0.18 diluted EPS) compared to $2.0M ($0.20) in prior-year quarter.
Gross margin declined to 27.3% from 29.1% due to higher operating lease costs.
Quarterly dividend of $0.08 per share declared; payable Jan 5, 2024 to holders of record Dec 15, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

CROWN CRAFTS INC reported the second quarter of fiscal year 2024, which ended October 1, 2023 results: revenue $24.1 million, net income $1.8 million, EPS $0.18 per diluted share.

Period: the second quarter of fiscal year 2024, which ended October 1, 2023
Revenue: $24.1 million
Net income: $1.8 million
EPS: $0.18 per diluted share
Result: reported results

Exact text from the filing

(NASDAQ-CM: CRWS) (the “Company”) today reported financial results for the second quarter of fiscal year 2024, which ended October 1, 2023. Second Quarter Summary ● Net sales of $24.1 million in the current quarter, an increase of 28.9% over the prior year ● Gross profit was 27.3% of net sales in the current quarter, 29.1% in the prior-year quarter ● Net income in the

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Source: SEC EDGAR

accession 0001437749-23-032086

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