Crown Crafts Q3 sales down 11.5% to $20.7M; net income up to $1.5M on insurance proceeds

CROWN CRAFTS INC

Net sales $20.7M vs $23.4M prior year; gross margin fell to 23.5% from 26.1%.
Net income $1.5M vs $0.9M, including $2.1M net benefit from M&A insurance recovery.
Marketing/admin expenses rose $0.6M due to severance from operational consolidation.
Quarterly dividend of $0.08/sh declared, payable Apr 3 to holders of record Mar 13.
Manhattan Toy's Groovy Girls relaunch scheduled for May 2026.

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