secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001437749-25-026347
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774925026347/0001437749-25-026347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774925026347/crws20250808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-026347

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