GlobeNewswire·Jun 24, 2026, 7:00 AM ET

Crown Crafts Announces Financial Results for Fourth Quarter and Full Year Fiscal 2026

Crown Crafts, Inc. reported fourth quarter fiscal 2026 net sales of $22.4 million, down from $23.2 million in the prior-year quarter.
Gross profit margin increased to 22.9% from 18.3% in the prior-year quarter, driven by strategic pricing & a favorable product mix.
Net income for the quarter was $0.3 million ($0.03 per diluted share), reversing a net loss of $10.8 million in the prior-year quarter which included a $13.8 million non-cash goodwill impairment charge.
The company generated more than $8 million in operating cash flow for the full fiscal 2026 year.
Management relaunched the Manhattan Toy Groovy Girls brand in May 2026 following the quarter.
The Board of Directors declared a quarterly cash dividend of $0.08 per share on Series A common stock, payable on July 2, 2026 to record holders as of June 11, 2026.
Full year fiscal 2026 net sales totaled $82.3 million compared to $87.3 million in the prior year, while full year net income was $1.8 million versus a loss of $9.4 million.
Cash & cash equivalents decreased to $200,000 at March 29, 2026 from $521,000 at March 30, 2025.
Total assets decreased to $70.7 million at March 29, 2026 from $81.2 million at March 30, 2025, with long-term debt reducing to $12.1 million from $16.5 million.
A teleconference to discuss results was scheduled for June 24, 2026, at 8:00 a.m. CT with a replay available through July 8, 2026.