Crown Crafts reports Q1 net loss of $1.1M; sales down 4.5% on tariff impact

CROWN CRAFTS INC

2026-Q1 EPS reported -$0.10 revenue$15,478,000

Net sales $15.5M, down 4.5% YoY; net loss $1.1M ($0.10 EPS) vs loss $0.3M ($0.03) prior year.
Gross margin fell to 22.7% from 24.5% due to increased tariffs on China imports.
Baby Boom acquisition contributed $2.1M in sales, but inventory shortages from tariff strategy hurt overall.
Board declared $0.08 quarterly dividend, payable Oct 3 to holders of record Sep 12.
Annual meeting: Elliott reelected, advisory pay approved, KPMG ratified, say-on-pay frequency set at 3 years.

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