From GlobeNewswire: 2024-06-28 06:54:00

Crown Crafts, Inc. (NASDAQ-CM: CRWS) reported fourth-quarter and fiscal year 2024 results. For Q4, net sales were $22.6 million, with a gross margin of 23.2% and net income of $1.0 million. For fiscal 2024, net sales were $87.6 million, gross margin at 26.2%, and net income of $4.9 million.

President and CEO Olivia Elliott noted the company’s focus on integrating Manhattan Toy and addressing inflation’s impact. The quarterly dividend of $0.08 per share was declared. Q4 saw net sales of $22.6 million, a gross profit percentage of 23.2%, and net income of $1.0 million.

In fiscal 2024, Crown Crafts had net sales of $87.6 million, a gross profit percentage of 26.2%, and net income of $4.9 million. Marketing and administrative expenses were $16.1 million. A quarterly dividend of $0.08 per share was declared for Series A common stock.

Interested individuals can join a teleconference to discuss the results further. The company operates through subsidiaries like Sassy Baby, Inc and NoJo Baby & Kids, Inc. For more details on Crown Crafts, Inc., visit their website.

Selected financial data for the three-month period ending March 31, 2024, shows net sales of $22,579, a gross profit of $5,228, and a gross profit percentage of 23.2%. For the fiscal year ending March 31, 2024, net income was $4,894, with basic and diluted earnings per share at $0.48.

The company’s balance sheet as of March 31, 2024, shows total assets of $82,706, with cash and cash equivalents at $829. Total liabilities and shareholders’ equity amount to the same figure.



Read more at GlobeNewswire:: Crown Crafts Announces Financial Results for Fourth Quarter