secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001437749-24-026843
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Crafts Q1 net loss $322k ($0.03/sh); Baby Boom acquisition completed; $0.08 dividend
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- Q1 net loss $322k ($0.03 per share) vs net income $366k ($0.04) a year ago; net sales $16.2M down 5% from $17.1M.
- Gross margin fell to 24.5% from 27.7%; results include $244k UK closure costs and $116k Baby Boom acquisition costs.
- Subsequent to quarter, acquired Baby Boom (toddler bedding, diaper bags) – expected to be immediately accretive to earnings.
- Quarterly dividend of $0.08 per share declared, payable Oct 4, 2024 to holders of record Sep 13, 2024.
- Stockholders re-elected Michael Benstock and Zenon S. Nie as Class II directors and ratified KPMG as auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774924026843/0001437749-24-026843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774924026843/crws20240809_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026843

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