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

Crown Crafts Announces Financial Results for Second Quarter Fiscal 2027

Crown Crafts, Inc. reported second quarter fiscal 2027 net sales of $19.0 million, a decrease from $23.7 million in the prior-year quarter.
Gross profit margin increased to 32.0% from 27.7% in the prior-year period, driven by $0.4 million in tariff refunds offset by $0.2 million in severance expense.
Adjusted gross margin for the quarter was 30.9%, representing a 320 basis point year-over-year improvement excluding tariff refunds & severance costs.
Net income rose to $1.3 million ($0.12 per share) compared to $1.2 million ($0.11 per share) in the prior-year quarter.
Marketing & administrative expenses decreased to $4.5 million from $4.7 million in the prior-year period.
The Board declared a quarterly cash dividend of $0.03 per share on Series A common stock, payable on January 4, 2027 to record holders on December 11, 2026.
President & CEO Olivia Elliott cited strong sales from the Groovy Girls product line in Canada & improved profitability due to efficiency initiatives & debt reduction.
Total assets stood at $65.977 million as of September 27, 2026, down from $70.653 million at March 29, 2026, while long-term debt decreased significantly from $12.132 million to $3.314 million.
The company hosted a conference call on November 12, 2026 at 4:00 p.m. CT to discuss results, with a replay available through November 26, 2026.
Crown Crafts designs & distributes infant, toddler, & juvenile consumer products primarily through subsidiaries NoJo Baby & Kids, Inc. & Sassy Baby, Inc.