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GlobeNewswire·

Crown Crafts Announces Financial Results for Third Quarter Fiscal 2026

CRWS
  • Crown Crafts, Inc. reported third-quarter fiscal 2026 net sales of $20.7 million, a decrease from $23.4 million in the prior-year quarter.
  • Gross profit margin declined to 23.5% compared to 26.1% in the prior-year period.
  • Net income increased to $1.5 million from $0.9 million in the prior-year quarter, driven by $2.5 million in insurance proceeds from a representation and warranties policy.
  • Marketing and administrative expenses rose by $0.6 million to $5.0 million due to severance costs associated with operational consolidation.
  • The company announced the May 2026 relaunch of Manhattan Toy's Groovy Girls soft fashion doll line.
  • The Board of Directors declared a quarterly cash dividend of $0.08 per share on Series A common stock, payable on April 3, 2026.
  • CEO Olivia Elliott cited challenges from higher tariffs & uneven consumer spending while highlighting positive performance in bibs, toys, & disposable categories.
  • Cash & cash equivalents increased to $2.4 million as of December 28, 2025, from $0.5 million in March 2025.
  • Total assets decreased to $76.1 million from $81.2 million in the prior period, while total liabilities also declined.
  • A conference call to discuss results was scheduled for February 11, 2026, at 8:00 a.m. CDT with a replay available until May 11, 2026.