Crown Crafts Q4 Gross Margin Improves to 22.9%, Net Income at $0.3 M
CRWS•Crown Crafts reported Q4 net sales of $22.4 million, down from $23.2 million, but improved gross margin to 22.9% from 18.3%, driving net income of $0.3 million versus a $10.8 million loss. The company relaunched Groovy Girls dolls and declared a $0.08 quarterly dividend.
1. Fourth Quarter Results
Crown Crafts reported net sales of $22.4 million in Q4 fiscal 2026, down from $23.2 million in the prior-year quarter, and achieved net income of $0.3 million, or $0.03 per diluted share, reversing a $10.8 million loss.
2. Gross Margin Improvement
Gross profit rose to $5.1 million, boosting gross margin by 460 basis points to 22.9% compared with 18.3%, while marketing and administrative expenses remained flat at $4.6 million.
3. Groovy Girls Relaunch
After quarter end, the company relaunched Manhattan Toy’s Groovy Girls line of soft fashion dolls, underscoring its focus on new product development to uplift higher-margin offerings.
4. Dividend Declaration
The board declared a $0.08 per share quarterly dividend on Series A common stock, payable July 2, 2026, to shareholders of record as of June 11, 2026.
