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Stock impact report

Crown Crafts Announces Financial Results for Second Quarter Fiscal 2025

Crown Crafts, Inc. (CRWS) 
Last crown crafts, inc. earnings: 11/13 06:45 am Check Earnings Report
Company Research Source: GlobeNewswire
GONZALES, La., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the second quarter of fiscal year 2025, which ended September 29, 2024. Second Quarter Summary Net sales of $24.5 million, compared with $24.1 million in the prior-year quarterGross profit of 28.4 percent of net sales compared with 27.3 percent in the second quarter of fiscal 2024Net income of $860,000, or $0.08 per diluted share. This quarter includes approximately $788,000 ($611,000 and $0.06 per diluted share after tax) of acquisition-related costsAcquired the assets and liabilities of Baby Boom Consumer Products, Inc. (“Baby Boom”) on July 19th Subsequent to the end of Second Quarter Declared quarterly dividend of $0.08 per share of Series A common stock “Our second quarter fiscal 2025 results reflect the immediate contribution from our acquisition of Baby Boom, which offset the continued economic headwinds facing our legacy businesses,” Show less Read more
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