Crown Crafts

Crown Crafts, Inc. engages in designing, marketing, and distribution of infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, and burp cloths, Hooded Bath towels and wash clothes, development toys and feeding and care goods. The firm's brands include Nojo, Neat Solutions, Sassy and Carousel Designs. The company was founded by Philip Bernstein in 1957 and is headquartered in Gonzales, LA.

Earnings data Q4 2021

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CRWS reports Q1 2023 challenges but maintains profitability, eyes growth

CRWS faced challenges in Q1 2023 due to port delays, inflation, and reduced consumer spending, resulting in declines in net sales, gross margin, and net income. However, the company maintained profitability, strengthened customer relationships, and announced the strategic acquisition of Manhattan Group, which is expected to drive future growth.

Crown Crafts, Inc. reports 9% sales increase, maintains profitability amidst market challenges

Crown Crafts, Inc. demonstrated resilience in maintaining profitability despite market challenges. The addition of Manhattan Toy is expected to contribute positively to earnings, while the company is actively pursuing strategies to address market challenges and capitalize on international opportunities.

Crown Crafts (CRWS) reports lower Q3 earnings amidst strategic growth plans

Crown Crafts faced challenges in Q3 2023 due to macroeconomic factors impacting consumer demand, leading to lower net sales and decreased net income.
Despite these challenges, the company declared a cash dividend, outlined a strategic plan for growth, and focused on managing inventory and operational efficiency.
Opportunities lie in expanding product offerings, increasing direct-to-consumer sales, and leveraging technology to drive future performance and profitability.

Crown Crafts faces challenges but maintains profitability through cost-saving measures

Crown Crafts navigated challenges in Q4 2023, maintaining profitability through cost-saving measures despite lower sales and margins. The acquisition of Manhattan Group provides growth opportunities and cost synergies. Focus on addressing challenges and leveraging opportunities for future financial improvement.

Crown Crafts Q1 2024 Earnings: Mixed Performance Amid Growth Initiatives

Crown Crafts reported a mixed performance with sales growth driven by Manhattan Toy but faced margin pressure and reduced net income. The company's focus on Manhattan Toy's growth potential and international opportunities presents avenues for future expansion and profitability.
Despite challenges, Crown Crafts remains optimistic about Manhattan Toy's prospects, aiming for earnings accretion by fiscal year-end 2024. The company's strategic initiatives and positive customer feedback position it well for future growth and market presence.

Crown Crafts reports robust Q2 performance amidst cost pressures

Crown Crafts delivered a strong performance in Q2 2024, showcasing sales growth, effective inventory management, and stable financial results.
The company's strengths lie in resilience in core business areas, operational optimization, and growth opportunities in Manhattan Toy and holiday sales.
Challenges include managing costs, consumer pressures, and maintaining efficient inventory management, requiring strategic focus and adaptation.
Opportunities for Crown Crafts include revenue growth, market expansion, margin improvement, and strategic investments for long-term success and competitiveness.

Crown Crafts (CRWS) reports strong Q3 performance and eyes growth

Crown Crafts (CRWS) delivered a strong performance in Q3 2024, driven by robust sales growth and improved profitability.
The company's strategic focus on expanding product categories and operational efficiencies positions it well for future growth.
While facing challenges in managing expenses and cash flow, Crown Crafts remains optimistic about growth opportunities in retail and operational enhancements.

Crown Crafts Reports Growth, Focuses on Expansion

Crown Crafts concluded fiscal 2024 with solid financial performance and strategic expansions, notably through the acquisition of Manhattan Toy. Despite facing inflationary pressures and integration challenges, the company is optimistic about leveraging its strengthened product lineup and retail partnerships to drive future growth. Shareholders were reassured of continued focus on profitability and market expansion in the upcoming fiscal year.

Crown Crafts reports Q1 loss, eyes growth with Baby Boom

Crown Crafts faced challenges from inflation but saw positive developments in key areas.
The Baby Boom acquisition and new product development offer growth opportunities.
Analysts are interested in the potential of Baby Boom brands and gross margin pressures.

Crown Crafts reports Q2 growth driven by Baby Boom acquisition

Crown Crafts' Q2 performance was driven by the Baby Boom acquisition, leading to increased net sales and improved gross profit. However, challenges include a decline in net income and higher expenses related to the acquisition.
The company's strengths lie in financial stability, successful acquisition funding, and a strategic focus on growth and efficiency. Opportunities exist in revenue growth, cost management, and operational improvements.

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Crown Crafts, Inc. engages in designing, marketing, and distributing infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and wash clothes, development toys, and feeding and care goods. The firm's brands include Sassy, Manhattan Toy, NoJo, and Neat Solutions. The company was founded by Philip Bernstein in 1957 and is headquartered in Gonzales, LA.

GONZALES, La., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the 15th Annual Southwest IDEAS Investor Conference on Thursday, November 16, 2023, at The Statler Hotel in Dallas, Texas. Management is scheduled to present at 8:40 a.m. Central Standard Time and host one-on-one meetings throughout the day.

Crown Crafts to Present and Hold Investor Meetings at the 15th Annual Southwest IDEAS Investor Conference

GONZALES, La., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that it intends to release the results of its operations for the second quarter fiscal year 2024 before the market opens on Wednesday, November 15, 2023. Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Standard Time on that day to discuss the Company's results and to answer appropriate questions.

Crown Crafts to Announce Second Quarter Fiscal Year 2024 Results on November 15, 2023

GONZALES, La., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the 14th Annual Midwest IDEAS Investor Conference on Wednesday, August 23, 2023, at The Gwen, a Luxury Collection Hotel, in Chicago, Illinois. Management is scheduled to present at 10:00 a.m. Central Daylight Time.

Crown Crafts to Present at the 14th Annual Midwest IDEAS Investor Conference

Crown Crafts, Inc. (NASDAQ:CRWS ) Q1 2024 Earnings Conference Call August 16, 2023 9:00 AM ET Company Participants John Beisler - Investor Relations Olivia Elliott - President and Chief Executive Officer Craig Demarest - Vice President and Chief Financial Officer Conference Call Participants Operator Hello and welcome to the Crown Crafts, Inc. First Quarter FY 2024 Conference Call. All participants will be in listen-only mode.

Crown Crafts, Inc. (CRWS) Q1 2024 Earnings Call Transcript

GONZALES, La., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter of fiscal year 2024, which ended July 2, 2023.

Crown Crafts Announces Financial Results for First Quarter of Fiscal 2024

GONZALES, La., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that it intends to release the results of its operations for the first quarter fiscal year 2024 before the market opens on Wednesday, August 16, 2023. Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 8:00 a.m. Central Daylight Time on that day to discuss the Company's results and to answer appropriate questions.

Crown Crafts to Announce First Quarter Fiscal Year 2024 Results on August 16, 2023

Crown Crafts Inc., a manufacturer of infant and juvenile products, has acquired Manhattan Toy for $17 million, funded by a combination of cash and debt. The acquisition is expected to contribute $24 million in sales by fiscal 2024 and could add almost $2 million to the bottom line annually when restructuring is completed. Despite the increased interest payments, the company appears able to both comfortably pay its dividend and service its debt.

Crown Crafts: Manhattan Toy Acquisition Appears Beneficial For Shareholders

Crown Crafts, Inc. (NASDAQ:CRWS ) Q4 2023 Earnings Conference Call June 22, 2023 11:00 AM ET Company Participants John Beisler - Investor Relations Olivia Elliott - President and Chief Executive Officer Craig Demarest - Vice President and Chief Financial Officer Conference Call Participants John Deysher - Pinnacle Operator Good morning and welcome to the Crown Crafts Financial Results for the Fourth Quarter and Full-Year Fiscal 2023. All participants will be in listen-only mode.

Crown Crafts, Inc. (CRWS) Q4 2023 Earnings Call Transcript

GONZALES, La., June 22, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the fourth quarter and fiscal year 2023, which ended April 2, 2023.

Crown Crafts Announces Financial Results for Fourth Quarter and Full Year Fiscal 2023

GONZALES, La., June 15, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that it intends to release the results of its operations for the fourth quarter and full year of fiscal 2023 before the market opens on Thursday, June 22, 2023. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 10:00 am Central Daylight Time on that day to discuss the Company's results and answer appropriate questions.

Crown Crafts to Announce Fourth Quarter and Full Year Fiscal 2023 Results on June 22, 2023

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GONZALES, La., April 21, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Olivia W. Elliott, President and Chief Executive Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the 26th Annual Burkenroad Reports Investment Conference on Friday, April 28, 2023, to be held at The Ritz-Carlton New Orleans Hotel. The Company's presentation is scheduled for 9:30 a.m. Central Daylight Time.

Crown Crafts to Present at the 26th Annual Burkenroad Reports Investment Conference

GONZALES, La., April 20, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Michael Benstock has been appointed to the Company's Board of Directors, effective May 1, 2023, to serve until the Company's next Annual Meeting of Stockholders.

Crown Crafts Appoints Michael Benstock to its Board of Directors

Acquisition expands and complements Crown Crafts' toy offerings, customer base and international business Acquisition expands and complements Crown Crafts' toy offerings, customer base and international business

Crown Crafts Acquires Manhattan Toy, a Leading Creator of Developmental Toys for Early Childhood

CRWS designs and sells baby toys and bedding products to large retailers. The company outsources manufacturing and licenses some of the IP for the products. The company has maintained profitability in a tight range even during cyclical decreases. The company's profits did not suffer significantly during the GFC.

Crown Crafts Passed The Glut Test And Can Recover

Crown Crafts, Inc. (NASDAQ:CRWS ) Q3 2023 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Craig Demarest - Vice President and Chief Financial Officer Olivia Elliott - President and Chief Executive Officer Conference Call Participants Michael Bernstein - Laurelcrest Capital John Deysher - Pinnacle Operator Good day, and welcome to the Crown Crafts, Incorporated. Third Quarter Fiscal Year 2023 Conference Call.

Crown Crafts, Inc. (CRWS) Q3 2023 Earnings Call Transcript

GONZALES, La., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) a designer, marketer and distributor of infant, toddler and juvenile consumer products, today reported results for the third quarter of fiscal year 2023, which ended January 1, 2023.

Crown Crafts Reports Fiscal 2023 Third Quarter Results

GONZALES, La., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that it intends to release the results of its operations for the third quarter of fiscal 2023 before the market opens on Wednesday, February 15, 2023. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 10:00 a.m. Central Standard Time on that day to discuss the Company's results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Third Quarter of Fiscal 2023

Rising inventory levels and fear of recession cause the stock to fall. Hidden return beats the market, while stock price remains anemic.

Crown Crafts: A Small Company With Powerful Free Cash Flow

Crown Crafts, Inc. has too much inventory. The company is also experiencing slowing sales which will exacerbate its inventory problem.

Crown Crafts: Wait Until The Dust Settles

The share price declined by 46.78% from all-time highs. Net sales are stabilizing after a post-Covid boost.

Crown Crafts: A Debt-Free Balance Sheet Contributes To A Bright Future

Crown Crafts, Inc. (NASDAQ:CRWS ) Q2 2023 Earnings Conference Call November 16, 2022 11:00 AM ET Company Participants Craig Demarest - Vice President & Chief Financial Officer Olivia Elliott - President & Chief Executive Officer Conference Call Participants Operator Good morning and welcome to the Crown Crafts Second Quarter Fiscal Year 2023 Conference Call. [Operator Instructions] Please note this event is being recorded.

Crown Crafts, Inc. (CRWS) Q2 2023 Earnings Call Transcript

GONZALES, La., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the second quarter of fiscal year 2023, which ended October 2, 2022.

Crown Crafts Reports Fiscal 2023 Second Quarter Results

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News for Crown Crafts Stock (CRWS)