Earnings Releases·Nov 12, 2026, 4:19 PM ET

Crown Crafts — Second Quarter Fiscal 2027 Earnings Summary

Net sales declined 20% year-over-year to $19.0 million, yet net income rose to $1.3 million ($0.12/share) from $1.2 million ($0.11/share), driven by a gross profit margin expansion to 32.0% from 27.7%.
Significant balance sheet improvements include a reduction in long-term debt to $3.3 million from $12.1 million and a doubling of cash and cash equivalents to $426,000.
Management reported $0.4 million in tariff refunds and $0.2 million in severance expenses for the quarter, with confidence expressed in continued debt reduction and profitability initiatives.
The Board declared a quarterly cash dividend of $0.03 per share on Series A common stock, payable January 4, 2027, while future strategy focuses on higher-margin products and warehouse consolidation.