Highest-materiality recent filing
Crown Crafts Q4 net income $0.3M, gross margin improves 460 bps to 22.9%
Net sales $22.4M vs $23.2M prior-year quarter; net income of $0.3M ($0.03/diluted) vs net loss of $10.8M ($1.04 loss) including $13.8M goodwill impairment in prior year.
Crown Crafts Q3 sales down 11.5% to $20.7M; net income up to $1.5M on insurance proceeds
Net sales $20.7M vs $23.4M prior year; gross margin fell to 23.5% from 26.1%.
Crown Crafts Q2 FY2026 net income rises to $1.2M ($0.11 EPS) despite sales dip to $23.7M
Net sales $23.7M, down 3.3% from $24.5M a year ago, with bedding and diaper bags sales decreasing $1.6M.
Crown Crafts reports Q1 net loss of $1.1M; sales down 4.5% on tariff impact
Net sales $15.5M, down 4.5% YoY; net loss $1.1M ($0.10 EPS) vs loss $0.3M ($0.03) prior year.
Crown Crafts reports Q4 net loss of $10.8M, goodwill impairment of $13.8M
Q4 net sales $23.2M; gross margin 18.3%; GAAP net loss $10.8M ($1.04 diluted loss).
Crown Crafts appoints Claire Spencer as CFO effective June 30, 2025, replacing retiring CFO Demarest
Craig Demarest retires as CFO effective June 30, 2025; Claire Spencer appointed VP (June 16) and CFO/Secretary (June 30).
Crown Crafts Q3 net income drops to $893K from $1.7M; CFO to retire June 30, 2025
Net sales $23.3M vs $23.8M prior year; gross margin 26.1% vs 27.0%.
CIT waives non-compliance with fixed charge coverage ratio for fiscal quarters ended Sep 29, 2024 and Dec 29, 2024.
Crown Crafts Q2 FY2025 net income falls to $860k from $1.8M YoY; revenue edges up to $24.5M
Net sales $24.5M (+1.7% YoY) driven by Baby Boom ($3.4M), offset by legacy declines including lost bib program.
Crown Crafts acquires Baby Boom Consumer Products for $18M; Baby Boom had $22.2M sales in 2023
Acquisition closed July 19, 2024; Baby Boom's audited 2023 net sales $22.2M, net income $1.59M.
Crown Crafts Q1 net loss $322k ($0.03/sh); Baby Boom acquisition completed; $0.08 dividend
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.
Crown Crafts acquires Baby Boom assets for $18M cash; funds with $8M term loan
Acquired substantially all assets of Baby Boom Consumer Products for $18M cash via subsidiary NoJo Baby, subject to working capital adjustment.
Crown Crafts Q4 sales up 4.6% to $22.6M; full-year net income $4.9M
Q4 net sales $22.6M vs $21.6M; gross margin improved to 23.2% from 21.9%.
Crown Crafts Q3 net sales $23.8M (+25.2% YoY); diluted EPS $0.17 vs $0.13
Net sales $23.8M, up 25.2% from $19.0M in prior-year quarter.
Crown Crafts Q2 net sales up 28.9% to $24.1M; EPS falls to $0.18 vs $0.20
Net sales $24.1M vs $18.7M prior year; driven by Manhattan Toy acquisition and organic growth.
Crown Crafts Q1 sales up 9% to $17.1M; EPS drops to $0.04 from $0.14 YoY
Net sales $17.1M (+9% YoY); Manhattan Toy acquisition contributed $3.7M to sales.
Crown Crafts Q4 net income falls to $0.08 EPS; full-year sales down 14%
Q4 net sales $21.6M vs $25.7M YoY; net income $828K ($0.08 diluted) vs $2.4M ($0.24).
Purchase price $17M in cash, funded from cash on hand and CIT line of credit.
Crown Crafts Q3 net sales down 16% to $19.0M; EPS falls to $0.13 from $0.24
Net sales $19.0M vs $22.7M YoY; net income $1.3M ($0.13 diluted) vs $2.4M ($0.24).
Crown Crafts Q2 fiscal 2023 EPS $0.20 on $18.7M sales; dividend $0.08 declared
Net income $2.0M ($0.20 diluted) vs $2.4M ($0.24) a year ago; sales $18.7M down from $20.2M.
Crown Crafts Q1 diluted EPS $0.14 vs $0.27; revenue $15.7M down from $18.7M
Net income $1.4M ($0.14 diluted EPS) vs $2.7M ($0.27) in prior-year quarter; net sales $15.7M vs $18.7M.
Crown Crafts Q4 net sales $25.7M (+17.7% YoY); FY net income $9.9M ($0.98 EPS)
Q4 net income $2.4M ($0.24 diluted EPS) vs $0.2M ($0.02) in prior-year quarter.
Crown Crafts Chairman Chestnut to retire May 1; Elliott, Nie appointed
E. Randall Chestnut resigns as director and all positions effective May 1, 2022; no disagreement.
Crown Crafts Q3 net sales up 16%; appoints Olivia Elliott CEO effective March 1
Q3 net sales $22.7M vs $19.5M (+16% YoY); net income $2.4M ($0.24 diluted EPS) vs $2.1M ($0.21).
Crown Crafts Q2 net income $2.4M, EPS $0.24; declares special $0.35 dividend
Net sales $20.2M, net income $2.4M ($0.24 diluted EPS) for Q2 fiscal 2022 vs $21.7M sales, $2.5M income in prior year Q2.
Crown Crafts Q1 net sales $18.7M, up 15.5%; net income $2.7M; declares $0.08 dividend
Net sales $18.7M vs $16.2M YoY; net income $2.7M ($0.27 diluted EPS) vs $1.2M ($0.12).
Craig J. Demarest will retire as the Chief Financial Officer and principal financial and accounting officer of Crown Crafts, Inc. (the “Company”), effective June 30, 2025.
On June 16, 2025, the Company’s Board of Directors appointed Claire K. Spencer as the Company’s: (i) Vice President, effective June 16, 2025; and (ii) Chief Financial Officer, Secretary and principal financial and accounting officer, effective June 30, 2025 upon Mr. Demarest’s retirement as the Company’s Chief Financial Officer and principal financial and accounting officer.
On February 11, 2025, Craig J. Demarest, the Chief Financial Officer and principal financial and accounting officer of Crown Crafts, Inc., notified the Company’s Board of Directors (the “Board”) of his decision to retire from all positions he holds with the Company and its subsidiaries, effective June 30, 2025.
On April 18, 2023, the Board of Directors (the “Board”) of Crown Crafts, Inc. (the “Company”) appointed Michael Benstock to the Board as a Class II director, effective on May 1, 2023, to serve until the next annual meeting of stockholders of the Company.
the Company’s Board of Directors (the “Board”) appointed: (i) Olivia W. Elliott, the Company’s President and Chief Executive Officer, as a director of the Company, effective May 1, 2022
E. Randall Chestnut agreed that he shall retire from the Company effective May 1, 2022 and, in connection therewith, he has resigned his position as a director of the Company, and all other positions he holds with the Company, effective as of such date.
On February 8, 2022, the Company’s Board of Directors (the “Board”) appointed Olivia W. Elliott to serve as the Company’s Chief Executive Officer, effective March 1, 2022.
Upon effectiveness of Ms. Elliott’s appointment as Chief Executive Officer, E. Randall Chestnut, who has served as the Company’s Chief Executive Officer since 2001, will no longer serve in such role but will continue to serve as Chairman of the Board.
On February 8, 2022, the Company’s Board of Directors appointed Olivia W. Elliott to serve as the Company’s Chief Executive Officer, effective March 1, 2022.
Ms. Elliott currently serves as the Company’s President and Chief Operating Officer, but will cease serving as Chief Operating Officer on such date.
Upon effectiveness of Ms. Elliott’s appointment as Chief Executive Officer, E. Randall Chestnut, who has served as the Company’s Chief Executive Officer since 2001, will no longer serve in such role but will continue to serve as Chairman of the Board.
Max materiality 0.80 · Median 0.65 · Most common event earnings