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. 10, 2022 (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 Southwest IDEAS Investor Conference on Thursday, November 17, 2022, at The Westin Dallas Downtown in Dallas, Texas. Management is scheduled to present at 8:45 a.m. Central Standard Time.

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

GONZALES, La., Nov. 09, 2022 (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 of fiscal 2023 before the market opens on Wednesday, November 16, 2022. 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 Second Quarter of Fiscal 2023

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The platform's dividend score combines both a company's dividend yield and growth to generate a score out of 100 based on its ranking against peer companies on the screen.

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CRWS is a nimble company in the baby and toddler clothing and toy industry. The company outsources manufacturing, licenses and retailing. Although its business model seems risky, the company has operated it successfuly for almost 20 years.

Crown Crafts Can Likely Resist A Recession And Trades At Value Price

GONZALES, La., Aug. 18, 2022 (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 12th Annual Midwest IDEAS Investor Conference on Wednesday, August 24, 2022, at The Gwen, a Luxury Collection Hotel, in Chicago, Illinois. Management is scheduled to present at 2:15 p.m. Central Daylight Time.

Crown Crafts to Present at the 12th Annual Midwest IDEAS Investor Conference

Crown Crafts, Inc. (NASDAQ:CRWS ) Q1 2023 Earnings Conference Call August 17, 2022 2:00 PM ET Company Participants Craig Demarest - Chief Financial Officer Olivia Elliott - President and Chief Executive Officer Conference Call Participants Tony Chiarenza - Key Equity Investors John Deysher - Pinnacle Operator Hello and good day. Welcome to the Crown Craft Inc. First Quarter Fiscal Year 2023 Conference Call.

Crown Crafts, Inc. (CRWS) CEO Olivia Elliott on Q1 2023 Results - Earnings Call Transcript

GONZALES, La., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter of fiscal year 2023, which ended July 3, 2022.

Crown Crafts Reports Fiscal 2023 First Quarter Results

GONZALES, La., Aug. 10, 2022 (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 of fiscal 2023 before the market opens on Wednesday, August 17, 2022. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 1:00 p.m. Central Daylight Time on that day to discuss the Company's results and answer appropriate questions.

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

Crown Crafts, Inc. (NASDAQ:CRWS ) Q4 2022 Results Conference Call June 8, 2022 2:00 PM ET Company Participants Craig Demarest - VP and CFO Olivia Elliott - President & CEO Conference Call Participants Tony Chiarenza - Key Equity Investors, Inc. Ralph Marash - First Manhattan Co John Deysher - Pinnacle Operator Good afternoon, everyone, and welcome to the Crown Crafts, Inc. Fourth Quarter Fiscal Year 2022 Conference Call. [Operator Instructions] Please also note today's event is being recorded.

Crown Crafts, Inc. (CRWS) CEO Olivia Elliott on Q4 2022 Results - Earnings Call Transcript

GONZALES, La., June 08, 2022 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the fourth quarter and fiscal year 2022, which ended April 3, 2022.

Crown Crafts Reports Fiscal 2022 Fourth Quarter and Full Year Results

Crown Crafts' long-time CEO and Chairman recently resigned and was replaced by two internal hires. The change in leadership does not look like it will result in a major change in the company's strategy.

Crown Crafts, Inc.: Changing Of The Guard

GONZALES, La., June 01, 2022 (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 2022 before the market opens on Wednesday, June 8, 2022. Olivia W. Elliott, President and Chief Executive Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 1:00 p.m. Central Daylight Time on that day to discuss the Company's results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Fourth Quarter and Full Year of Fiscal 2022

GONZALES, La., May 13, 2022 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Sassy Baby, Inc. (“Sassy”), a wholly-owned subsidiary of the Company, has introduced a Made Green line of SASSY® Eco toys.

SASSY® Announces New Line of Made Green Plastic Toys for Infants

GONZALES, La., April 22, 2022 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Olivia W. Elliott, President and Chief Executive Officer, Craig J. Demarest, Vice President and Chief Financial Officer, and Daniel W. Miller, Treasurer, will present at the 25th Annual Burkenroad Reports Investment Conference on Friday, April 29, 2022, to be held at The Westin New Orleans Hotel. The Company's presentation is scheduled for 9:30 a.m. Central Daylight Time.

Crown Crafts to Present at the 25th Annual Burkenroad Reports Investment Conference

Lower operating cash flow in recent quarters has been putting pressure on the payment.

Crown Crafts: Assessing If A Dividend Cut Can Be Avoided

Crown Crafts, Inc. (CRWS) CEO Randall Chestnut on Q3 2022 Results - Earnings Call Transcript

GONZALES, La., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the third quarter of fiscal year 2022, which ended December 26, 2021.

Crown Crafts Reports Fiscal 2022 Third Quarter Results

GONZALES, La., Feb. 02, 2022 (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 year 2022 before the market opens on Wednesday, February 9, 2022. E. Randall Chestnut, Chairman and Chief Executive Officer, Olivia W. Elliott, President and Chief Operating 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 Fiscal 2022 Third Quarter

Core profitability continues to gain traction in Q3 despite lower sales overall. Management rewards shareholders with a bumper special dividend of $0.35 per share. This fosters confidence with respect to future growth.

Crown Crafts Continues To Build An Enviable Dividend Record

GONZALES, La., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today announced that Olivia W. Elliott, President and Chief Operating Officer, and Craig J. Demarest, Vice President and Chief Financial Officer, will present at the Southwest IDEAS Investor Conference on Wednesday, November 17, 2021, at The Westin Dallas Downtown in Dallas, Texas. Management is scheduled to present at 8:45 a.m. Central Standard Time.

Crown Crafts to Present at the 13th Annual Southwest IDEAS Investor Conference

Crown Crafts, Inc. (CRWS) CEO Randall Chestnut on Q2 2022 Results - Earnings Call Transcript

GONZALES, La., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the second quarter of fiscal year 2022, which ended September 26, 2021.

Crown Crafts Reports Fiscal 2022 Second Quarter Results

GONZALES, Louisiana, Nov. 03, 2021 (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 of fiscal year 2022 before the market opens on Wednesday, November 10, 2021. E. Randall Chestnut, Chairman and Chief Executive Officer, Olivia W. Elliott, President and Chief Operating Officer and Craig J. Demarest, Vice President and Chief Financial Officer, will host a teleconference at 1:00 p.m. Central Standard Time on that day to discuss the Company's results and answer appropriate questions.

Crown Crafts, Inc. to Announce Results for Fiscal 2022 Second Quarter

Crown Crafts, Inc. (CRWS) CEO Randall Chestnut on Q2 2021 Results - Earnings Call Transcript

Shares of Crown Crafts (NASDAQ:CRWS) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share increased 25.00% year over year to $0.15, which beat the estimate of $0.14.

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