Crown Crafts swings to FY27 Q1 profit of $2.1 million; net sales rise 8.32% to $16.8 million

Reuters2026/08/12 20:14

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Crown Crafts posted first-quarter fiscal 2027 net sales of USD 16.8 million, up 8.32% from the prior-year quarter.
Net income returned to profit at USD 2.1 million, or USD 0.19 per share, from a net loss of USD 1.1 million.
Gross margin widened to 47.9% from 22.7%, reflecting USD 3.7 million of tariff refunds recorded in cost of products sold.
Marketing and administrative expenses rose to USD 5.2 million from USD 4.7 million on higher accrued incentive compensation tied to tariff refunds.
Quarterly cash dividend set at USD 0.03 per share, payable Oct. 2 to holders of record Sept. 11.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crown Crafts Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608121605PRIMZONEFULLFEED9808826) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Crown Crafts swings to FY27 Q1 profit of $2.1 million; net sales rise 8.32% to $16.8 million

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