Crown Crafts swings to FY27 Q1 profit of $2.1 million; net sales rise 8.32% to $16.8 million
CRWS•Crown Crafts reports higher quarterly sales and a return to profit
Crown Crafts posted first-quarter fiscal 2027 net sales of $16.8 million, up 8.32% from the prior-year quarter.
Net income returned to profit at $2.1 million, or $0.19 per share, from a net loss of $1.1 million.
Gross margin widened to 47.9% from 22.7%, reflecting $3.7 million of tariff refunds recorded in cost of products sold.
Marketing and administrative expenses rose to $5.2 million from $4.7 million on higher accrued incentive compensation tied to tariff refunds.
The company set a quarterly cash dividend of $0.03 per share, payable Oct. 2 to holders of record Sept. 11.
