CROWN CRAFTS INC (CRWS) Form 8-K — Aug 12, 2026
Crown Crafts (Nasdaq: CRWS) reported Q1 fiscal 2027 net sales of $16.8 million, up from $15.5 million a year earlier, with net income of $2.1 million ($0.19 per diluted share) versus a prior-year net loss of $1.1 million (-$0.10 per share). The headline margin of 47.9% gross profit includes $3.7 million of tariff refunds recorded to cost of products sold; excluding those refunds, gross margin was 25.6%, up 290 basis points year over year. The Board declared a quarterly dividend of $0.03 per share, payable October 2, 2026, which management framed as 'right-sizing' to free up funding for growth, debt reduction, and warehouse consolidation over the next two years.
Key figures
- Eps
- $0.19 per diluted share (vs. -$0.10 prior year)
- Revenue
- $16.8 million (net sales, Q1 FY2027 ended June 28, 2026)
- Net Income
- $2.1 million (vs. net loss of $1.1 million prior-year quarter)
- Revenue Yoy
- +8.3% (up from $15.5 million prior-year quarter)
- Total Assets
- $68.5 million
- Cash Position
- $194 thousand
- Inventories
- $26.8 million
- Gross profit
- $8.0 million vs. $3.5 million prior year
- Tariff refunds
- $3.7 million recorded to cost of products sold
- Gross margin gaap
- 47.9% vs. 22.7% prior year
- Dividend per share
- $0.03 quarterly, payable October 2, 2026 to holders of record September 11, 2026
- Income from operations
- $2.8 million vs. loss of $1.2 million prior year
- Marketing admin expense
- $5.2 million vs. $4.7 million prior year
- Incentive plan share pool
- 1,200,000 -> 2,450,000 shares (+1,250,000 added)
- Weighted avg diluted shares
- 10760000
- Gross margin adjusted ex refunds
- 25.6%, up 290 basis points year over year
- Accrued incentive comp tariff related
- $529 thousand
Price after filing
Close on the filing date to close N calendar days later (from $2.97). Historical, not a forecast.
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