Crown Crafts Q4 sales up 4.6% to $22.6M; full-year net income $4.9M

CROWN CRAFTS INC

Q4 net sales $22.6M vs $21.6M; gross margin improved to 23.2% from 21.9%.
Full-year net sales $87.6M vs $75.1M; net income $4.9M ($0.48 EPS) vs $5.7M ($0.56 EPS).
Q4 net income $1.0M ($0.10 diluted EPS) vs $0.8M ($0.08) a year ago.
Declared $0.08/share quarterly dividend, payable July 5, 2024 to holders of record June 14, 2024.
Company cites Manhattan Toy integration and continued inflation headwinds as key factors.

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