Crown Crafts Inc
NASDAQ:CRWS
Crown Crafts Inc
Crown Crafts, Inc. engages in designing, marketing, and distribution of infant, toddler, and juvenile products. The company is headquartered in Gonzales, Louisiana and currently employs 131 full-time employees. The company went IPO on 2001-10-16. The Company’s infant, toddler and juvenile products segment consists of infant and toddler bedding and blankets, bibs, soft bath products, disposable products, developmental toys and accessories. The firm's primary products includes infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and washcloths, reusable and disposable placemats and floor mats, disposable toilet seat covers and changing mats, developmental toys, feeding and care goods, and other infant, toddler and juvenile soft goods. The firm operates indirectly through its subsidiaries, NoJo Baby & Kids, Inc. (NoJo) and Sassy Baby, Inc. (Sassy), in the infant, toddler and juvenile products segment within the consumer products industry.
Crown Crafts, Inc. engages in designing, marketing, and distribution of infant, toddler, and juvenile products. The company is headquartered in Gonzales, Louisiana and currently employs 131 full-time employees. The company went IPO on 2001-10-16. The Company’s infant, toddler and juvenile products segment consists of infant and toddler bedding and blankets, bibs, soft bath products, disposable products, developmental toys and accessories. The firm's primary products includes infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and washcloths, reusable and disposable placemats and floor mats, disposable toilet seat covers and changing mats, developmental toys, feeding and care goods, and other infant, toddler and juvenile soft goods. The firm operates indirectly through its subsidiaries, NoJo Baby & Kids, Inc. (NoJo) and Sassy Baby, Inc. (Sassy), in the infant, toddler and juvenile products segment within the consumer products industry.
Sales Decline: Revenue fell to $20.7 million from $23.4 million in the prior year quarter, mainly due to softness in the bedding category.
Margin Pressure: Gross margin dropped to 23.5% from 26.1%, impacted by higher tariffs and one-time costs.
Profitability Up: Net income increased to $1.5 million from $900,000, aided by $2.5 million in insurance proceeds.
Cost Actions: The company incurred $600,000 in severance as part of operational consolidation to streamline costs.
Pricing Actions: Retail price increases were implemented across all major retailers by October, but further hikes are unlikely given current consumer sensitivity.
China Exposure: Almost all products are sourced from China, but the company is exploring alternatives amid tariff risks.
Product Launch: The Groovy Girls doll line will relaunch in May 2026, initially targeting specialty stores and online sales.
Solid Liquidity: The balance sheet remains strong, with $10.6 million of credit availability and continued focus on cash flow and debt reduction.
