GlobeNewswire·Aug 12, 2026, 4:05 PM ET

Crown Crafts Announces Financial Results for First Quarter Fiscal 2027

Crown Crafts, Inc. reported first quarter fiscal 2027 net sales of $16.8 million, an increase from $15.5 million in the prior-year quarter.
Gross profit margin rose to 47.9% due to $3.7 million in tariff refunds, though the adjusted margin excluding refunds was 25.6%, representing a 290 basis point year-over-year improvement.
Net income turned positive at $2.1 million ($0.19 per share), compared to a net loss of $1.1 million ($0.10 per share) in the prior year.
Marketing and administrative expenses increased to $5.2 million from $4.7 million, driven by $529 thousand in accrued incentive compensation linked to tariff refunds.
The Board declared a quarterly cash dividend of $0.03 per share on Series A common stock, payable on October 2, 2026, to fund debt reduction & warehouse consolidation.
CEO Olivia Elliott highlighted strong international sales for the Groovy Girls product line & a strategic focus on pricing & higher-margin product mixes.
The company hosted a teleconference on August 12, 2026, at 4:00 p.m. CT to discuss results, with a replay available until August 26, 2026.
As of June 28, 2026, total assets stood at $68.5 million, with total shareholders' equity increasing to $40.2 million from $38.8 million in the previous quarter.