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Crown Crafts, Inc. Stock Price: Quote, Forecast, Splits & News (CRWS)

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Crown Crafts, Inc. Price & Performance (CRWS)

Stock Performance

Updated Mar 26, 3:11 PM UTC

CRWS:NASDAQ

$3.80USD

0.13% · $0.005

Open

$3.79

High

$3.80

Low

$3.78

Market Cap

$39.44M

P/E Ratio

15.8

Volume

2.37K

Year High

$5.51

Year Low

$3.78

Dividend Yield

8.43%

News & Market Insights

Crown Crafts Faces Continued Stock Decline Amid Market Pressures
Mar 24, 2025
Crown Crafts Inc. stock has experienced a continued decline, closing at $3.84 on March 24, 2025, down from $3.86 the previous day. The stock has fallen 3.09% over the last 10 days and faces technical challenges, with analysts expecting a further decline in the short term. Trading volume has increased despite falling prices, signaling potential risks.12
Carvana's Stock Surges Following Strong Q4 Results
Mar 20, 2025
Carvana Co. reported record-breaking Q4 earnings for 2024, with revenue hitting $13.67 billion and EPS at $1.59. The stock rose 5.75% on March 20, 2025, as analysts raised price targets to as high as $365. Carvana's retail unit growth and strategic expansions are driving investor optimism, despite some concerns over future market conditions.3
Crown Castle Stock Drops Amid Executive Shakeup and Industry Concerns
Mar 25, 2025
Crown Castle Inc. stock fell by 4.05% on March 25, 2025, following news of its CEO's departure and ongoing challenges in the telecom sector. The company plans to sell its fiber segment for $8.5 billion, aiming to reduce debt and fund share buybacks. Analysts remain cautious but optimistic about long-term prospects.4

What's Happening

Peers

Earnings

Report Date

Feb 12, 2025

Reported Revenue

23.4M

Avg 1d Change

3.22%

Report Period

Q3 2025

EPS Estimate

—

Implied Move 1d

12.38%

Transcript

11m 43s

Now, I would like to turn the call over to the President and CEO, Olivia Elliott.

11m 49s

Thank you, John. Good morning, everyone, and thank you for joining today's call. Our third quarter results reflect our ability to generate cash flow and profitability during this challenging period of economic uncertainty. In spite of the headwinds we have continued to face this fiscal year, our team has remained focused on delivering strong operating cash flow and proactively managing our controllable expenses. We also continue to refresh some of our categories and develop new products so that we are well positioned to capitalize on future growth when consumers are ready to spend more on discretionary items. During the quarter, we completed the integration of our most recent acquisition, Baby Boom. Which we are excited to report added $3,800,000 in sales this quarter. We remain optimistic about the future of these product categories including diaper bags, which are a new category for us. With that, I'd like to turn it over to Craig to cover the financials in more detail then I will follow-up with additional comments before taking questions.

12m 50s

Thank you, Olivia, and good morning, everyone. Net sales for the third quarter of fiscal twenty twenty five were $23,300,000 compared to $23,800,000 in the prior year quarter. The decrease is primarily attributable to lower online toy sales and the loss program at a major retailer This was partially offset by the addition of the $3,800,000 in net sales related to Baby Boom which we acquired in the 26.1% compared to 27% in the third quarter of fiscal 'twenty four. The margin decrease can be attributed to slight changes in product mix together with higher lease costs for our warehouse in California. We continue to evaluate our footprint and look to reduce our warehousing costs through strategic consolidation in fiscal twenty twenty six. Our third quarter marketing and administrative expenses were four point compared to $4,100,000 in the prior year quarter. The increase is primarily related to expenses associated with the purchase of Baby including 186,000 in acquisition related costs. Interest expense for the quarter increased 183 due to the higher borrowings related to the Baby Boom acquisition. Net income for the quarter was $893,000 or $0.09 per diluted share compared to net income of $1,700,000 or $0.17 per diluted share in the prior year quarter.

14m 26s

Turning now to our balance sheet. We remain in a strong financial position as cash and cash equivalents equivalents at the end of the third quarter were $1,100,000 compared to $829,000 at the end of fiscal '24 Borrowings under our credit facility at the end of the quarter were 900,000.0 compared to 8,100,000.0 at the end of fiscal 'twenty four, reflecting amounts borrowed in the second quarter to fund the Baby Boom acquisition. Year to date through the end of the third quarter, cash flow from operations was 7,000,000 compared to $4,100,000 in the same period last year. We expect to use our cash flow to repay our borrowings However, as always, our debt balance may fluctuate from quarter to quarter due to the timing of inventory purchases and other working capital needs. Our inventory balance has declined from $34,900,000 in December of 'twenty three to 32,400,000.0 in December of 'twenty four even with the inventory added in the Baby Boom acquisition Finally, we paid our regular quarterly dividend of $0.08 share and declared our next dividend, which will be paid in April. Now I'll turn the call back over to Olivia for additional comments. Thank you, Craig.

15m 44s

Looking ahead, our focus is on growing the top line while maintaining our cost discipline. In addition to refreshing our high end toy and diaper bag lines acquired over the past couple of years, product development teams are also focused on new products to complement our current categories. We're monitoring the ongoing updates out of Washington regarding tariffs.

16m 5s

Particularly as it pertains to announced 10% on Chinese imports.

16m 10s

Where virtually all of our products are made. As China remains our best sourcing option, we will need to work with our suppliers to absorb the increase and consider price increases. We continue to review potential locations to relocate our warehouse Overall, we remain well positioned to navigate the current economy while preparing our brands to perform as conditions improve. Our balance sheet is strong and we are able to effectively manage our borrowings and continue to pay our dividend through operating cash flow. Which stands as a key component in our strategy to deliver long term value to our shareholders. With that, I'd like to open up the line for questions. [indiscernible] Ladies and gentlemen, at this time, And our first question today comes from Doug Rooth from Lennox Financial Services. Please go ahead with your question. Good morning, Olivia and Craig. Thank you for hosting the conference call today. Could you Could you give us a little more color and tell us how now that you've got the warehouse possibilities down to two, could you tell us some of the things that you're seeing or some of the things that you're thinking about how you'll ultimately make the decision and what town locate the warehouse?

18m 14s

A big part of the consideration is going to obviously be cost.

18m 20s

That being said, we need to look at lead times One of our final options is on closer to the West Coast and one is closer to the East Coast. And while you may save a little bit more in the lease cost going to the East Coast, the The cost to get the goods all the way across the country is going to be higher, it's going to take longer. And there's also a a bigger impact should freight rates go up on the downside. So we're looking at the whole big picture For the most part, the warehouses look exactly the same, mainly focused on the location and any type of technology that we may want to put into the warehouses can be done at either location.

19m 7s

Are you like leaning towards one location over another or you're totally undecided at this point?

19m 16s

Probably leaning a little bit towards the West Coast location. Just from the overall package, but we're still trying to get all of the information together and get the actual quotes for the locations that we were specifically looking at. Okay. Now changing could you give us an update on the diaper bag business and some of the some of the initiatives that you're focused on?

19m 44s

Sure. So we we've had some really good meetings with both some some potential new licensors for diaper bags. It seems to be a category that a lot of are interested in We've also had some good meetings with the retailers. We've done some some what I think are very good designs, some refreshed silhouettes, some refreshed looks. I think we've got a great deck that we've been showing and we're hoping to get some some new placement in that, though it won't be until 2026 because most of the lines for 2025 had already been placed. By the time we did the acquisition in July. So I think we've got a good opportunity coming in the next year or so to pick up some placement.

20m 37s

Now you had talked about both potentially both domestic and international. Is that still what you're thinking that they're is opportunities in both places? Yes, I think there's opportunities in both places. We're focusing on domestic first.

20m 53s

Because we think that's a bigger opportunity. But yes, we can do both.

20m 58s

Okay. And what's the status of Manhattan Toy? How are the holiday sales and anything you can share with and then also the placement through Walmart.

21m 12s

So I'll take the easy one first. The placement at Walmart is doing well.

21m 17s

We We expect to keep that placement at Walmart at least for another year. We've found that out. So we think We still think we have opportunities to get more placement. So we think that's going well. [indiscernible] The holiday sales were disappointing. That's where we saw the biggest decline in sales was at the Manhattan Toy brand. We think that most people were trading down to Maybe the less expensive lines of toys, it just didn't go go as well as it had the year before. So that's where I think our biggest disappointment was for this holiday season. That being said, we continue to develop new products. We think that we've done a really good job of refreshing that. We've had positive I guess, the customer itself, the retailers, the specialty stores, etcetera, they they have positive things to say about about the new developments. So So I think there's still an opportunity there. It just didn't come this holiday season.

22m 28s

Okay. And what about working with the distributor overseas for the Manhattan toy Has that been effective for the company? Yes. And so what we so we closed the London office and we've gone strictly to a distributor system based in on the international front. And yes, our distributors have had most of them are picking up some of the Manhattan Toy sales and so that's definitely a bigger opportunity to continue to grow.

22m 59s

Okay. And then what about what's the relationship what's happening with LEGOLAND at this point?

23m 6s

LEGOLAND continues to grow. They're They're building New [indiscernible] Shanghai Park to open here in 2025. And so we continue to grow there. Yes. Were the fourth quarter sales up at LEGOLAND? So a lot of the LEGOLAND parks are closed for the winter. So you have a couple of the ones in The U. S. I think Florida and California stay open the rest of them are closed. I think they opened mainly April to October.

23m 45s

Okay. I have a few more questions, but maybe I could let somebody else ask some questions and you can come back for some more. Okay.

23m 56s

Your next question comes from John Deysher from Pinnacle. Please go ahead with your question. Good morning, everyone. I just have a a quick question on the real estate I just want to confirm when the various leases are expiring. I understand the content lease expires in June of twenty eight. The Minneapolis headquarters expires June of twenty seven. And Eden Valley warehouse expires June of twenty six. Are all those correct? I believe the Minneapolis is March of '20s. '7, but yes, that's close. The In Valley and the Conkulens are correct.

24m 39s

June 26, Compton is definitely the June quarter of twenty eight. You're right, that office one is in that range.

24m 48s

Okay.

24m 48s

Okay. So they're all pretty close. I mean given that even Valley is going to expire in about a year and a quarter or so. It sounds like you're going to be making a decision on the new warehouse pretty soon?

25m 6s

Yes. I think we'll make a decision on the final location pretty soon. We'll have to sublease in Compton in the meantime. So we're going to have to get the timing right. And if for whatever reason the Eden Valley warehouse expires before we are ready, we'll take some kind of interim step We're thinking through that process, but it could be that we move those go ahead and move those goods to the final location, but use a 3PL temporarily until the warehouse is ready.

25m 35s

So it's kind of a balancing act that we're working through.

25m 39s

Right. I understand. So is it fair to say we might know by your fiscal year end [indiscernible] Okay.

25m 50s

Yes. I mean, if not June by August, I think we'll be able to tell you the final location. [indiscernible] And what about the Minneapolis headquarters? What's that transition going to be?

26m 5s

We need to get into a smaller space. It was too big for the personnel that was there on the date of acquisition. Certainly too big for what we have now. And so we were working to try to come up with a solution to downsize sooner rather than later, but that didn't really work out. So we're stuck there until the lease runs out, but we won't go back into that particular location. We could get a much smaller, less expensive location and quite frankly out of Downtown. Maybe on the outskirts. Okay. But you got to keep it in Minneapolis, you're not going to move everybody to Gonzales? No, we won't move everybody to Gonzales. It will be a small office, but we'll need to keep Okay. All right, good. Think that was it. Thank you for your answers.

26m 57s

Thank you.

27m 2s

And our next question Okay. You had talked about developing some new toys Is there any certain toy that you have in development that you're especially excited about?

27m 19s

Well, on the toy side specifically, I think we're really excited about the new doll line that is actually starting to ship now. We redesigned the Stella program, and we think that it's a better option for specifically in the specialty store side. And then mostly on the toy side, if you look at Manhattan toy, really just still refreshing the line. There's only so many many new new products that you can develop and get into production each year. So we're still working on just the overall refresh of those those products. Sassy just continues to knock it out of the ballpark and everything we develop is [indiscernible] really working out well.

28m 9s

What is it specifically about the Stella Dial that you is a selling point do you think?

28m 17s

So I mean the biggest thing is that there was two sizes of dolls. There was I forget what the second one is, but one of them was smaller than the other one and the differential was pretty great on it and so everybody stopped buying the bigger doll and started getting the smaller doll. And so what we've done is we've just refreshed really really the size of the dolls and we've moved manufacturing facilities and so that we can hit [indiscernible] So the difference in price between the bigger dowel and the the smaller dial is not as great Possibly you'll sell more of the bigger dolls But what happened in that case was is the dolls look the same except for they were two different sizes. So everybody traded down to the smaller size.

29m 10s

So we're still going to have two separate dogs, but we're gearing them mainly One is the baby's first doll and it's more of an infant doll. It doesn't have removed it doesn't have hair, and then you kind of grow into the next size doll as you become a toddler. So we've differentiated the dolls more.

29m 30s

Okay. All right. Now I noticed quite a change in the marketing expense for in the third quarter Did you feel like the ad spend was approximately at the right level now?

29m 49s

So third quarter this year versus third quarter last Yes.

29m 54s

It looked like the marketing expense was lower if I read that correctly.

30m

No, it's actually up a little bit and it's mostly the difference is mostly going to be the continued integration costs for Baby Boom. Otherwise, marketing expenses were flat.

30m 11s

I misspoke. I meant the advertising expense. I'm sorry.

30m 19s

No, I think we're going to have to spend a little bit more on advertising to drive those online sales. I think that's probably where we missed the mark the most is, when we first acquired Manhattan Toy, advertising costs were more than the sale. And so we pulled back on that spend and I think we pulled back too far. So I think in order to drive higher sales online, we're going to have to do some more spend.

30m 47s

Yes. You explained previously that this was of an experiment and you were [indiscernible] possibly if you would have spent more possibly the man he had in toy sales might have been higher than than they actually were I think it's it's likely, yes.

31m 6s

Okay. And then when you talk about Just The big picture like on an annual basis, what should the marketing and administrative expense, what should that be as a percent of revenue?

31m 26s

That's something we're probably not going answer because we just don't forecast.

31m 33s

Okay. How about when we talk about the one large cash Was most of the decline then in the [indiscernible] are you able to provide any kind of additional breakdown of the decline from from the three different categories.

32m

So the decline in BIF, Toys and Disposables was primarily the Manhattan Toys. We also had a small part of the decline was going to be the lack bit of run out for the loss of the target BIB program. That we lost in November of twenty three And so Q3 of last fiscal year had about half of the quarter had bid sales, whereas this year we had non. For that one customer. But the vast majority of it was the Manhattan toy brand.

32m 32s

Okay.

32m 33s

I think that you folks are doing a terrific job I like the progression of what's happening with the warehouse. I really appreciate the care that you're taking for the shareholders. Really trying to make the best decision that you can to get the to get the right location for the warehouse. And I'm very grateful for what you're doing there for the shareholders. Thank you, Doug. Thanks, Sophie. That's all the end of my questions. Thank you.

33m 3s

Thanks. Follow-up from John Deysher from Pinnacle. Please go ahead with your follow-up.

33m 13s

Good morning.

33m 15s

What regarding the tariffs, The 10% increase, I guess, when does that go into effect? And I guess, What measures are you taking to either offset that or share it with vendors or what are the options?

33m 36s

So it goes into effect pretty much immediately. Actually, our initial conversations with our suppliers out of China indicates that we're probably going to be able to roll back prices, our initial first cost purchase prices out of China. Enough to cover the vast majority of it. So while we may have to raise some prices to our retailers, to a small degree depending on category, depending on We are hopeful that we can minimize the impact to our customers and to the consumer. And feels like that's a likely option based on our initial conversations with suppliers.

34m 18s

Okay, good. That's encouraged. When will that go into effect one way or the other, the rollback of the purchase prices?

34m 27s

Immediately. So I mean, we need to have those rollbacks concurrent with the increase in the tariffs. So So there may be some product that was already in either on the ocean or some that was already in production that we may not be able to roll back that quickly. But oftentimes, we do say [indiscernible] You've got to lower the price on what's already in production, but certainly for any new production.

34m 55s

Right. But do you have those agreements in writing at this point?

35m

We don't actually have agreements with our suppliers. It's on a PO by PO basis. Which makes it much easier to change as soon as possible.

35m 11s

Okay. And the POs that you submitted Recently, I've been okay by vendors.

35m 18s

Well, we haven't submitted any with the new lower prices, but we can. I mean absolutely, we can go back and change the prices. We've done it before. [indiscernible] Okay.

35m 33s

That's fine. It sounds like it's a work in process at this point.

35m 36s

Yes, absolutely.

35m 38s

It's kind of ever changing here for the past couple of weeks.

35m 46s

Thank you. Thanks.

35m 51s

Be concluding today's question and answer session. At this time, I'd like to turn the floor back over to Olivier Elliott for any closing remarks.

36m 4s

Thank you, Jamie. Thank you for your interest in our company. We look forward to speaking with you again when we report our fourth quarter and fiscal year twenty twenty five results in June.

36m 23s

Ladies and gentlemen, with that, we'll conclude today's conference call and presentation. We do thank you for joining.

Key Insights

CRWS reported third-quarter fiscal 2025 net sales of $23.3 million, a slight decrease from $23.8 million in the prior year, primarily due to lower online toy sales and the loss of a major retailer program, partially offset by $3.8 million in sales from the Baby Boom acquisition.
Gross margin decreased to 26.1% from 27% in the prior year, attributed to changes in product mix and higher warehouse lease costs. The company is evaluating strategic consolidation to reduce warehousing costs in fiscal 2026.
Net income for the quarter was $893,000 ($0.09 per diluted share), down from $1.7 million ($0.17 per diluted share) in the prior year, impacted by acquisition-related costs and higher interest expenses.
The company is focusing on refreshing product lines, including diaper bags and toys, and expects new placements for diaper bags in 2026. Holiday sales for Manhattan Toy were disappointing, but the company is optimistic about refreshed product designs and international distributor opportunities.
CRWS is addressing potential impacts of a 10% tariff increase on Chinese imports by negotiating price rollbacks with suppliers to minimize cost increases for customers. The company is also finalizing decisions on warehouse relocation and expects to announce the location by fiscal year-end or August 2025.

Recent Transcripts

Crown Crafts Q3 FY25 results highlight resilience amid economic challenges and growth via acquisition.

Income Statement

Revenue

	2020	2021	2022	2023	2024
Revenue	$73M	$79M	$87M	$75M	$88M
Cost of Revenue	$52M	$55M	$64M	$55M	$65M
Gross Profit	$22M	$24M	$23M	$20M	$22M
Gross Profit %	29%	30%	27%	26%	26%
R&D Expenses	$110K	$110K	$0	$0	$0

2020

2021

2022

2023

2024

Revenue

$73M

$79M

$87M

$75M

$88M

Cost of Revenue

$52M

$55M

$64M

$55M

$65M

Gross Profit

$22M

$24M

$23M

$20M

$22M

Gross Profit %

29%

30%

27%

26%

R&D Expenses

$110K

Cash Flow

Net Income

	2020	2021	2022	2023	2024
Net Income	$6.6M	$6.1M	$9.9M	$5.7M	$4.9M
Dep. & Amort.	$3.2M	$3.4M	$2.9M	$3.3M	$5.8M
Def. Tax	-$388K	-$358K	$1.8M	-$4M	-$1M
Stock Comp.	$297K	$394K	$834K	$1.1M	$763K
Chg. in WC	-$1.1M	-$3M	-$4.2M	$2.9M	-$3.3M

2020

2021

2022

2023

2024

Net Income

$6.6M

$6.1M

$9.9M

$5.7M

$4.9M

Dep. & Amort.

$3.2M

$3.4M

$2.9M

$3.3M

$5.8M

Def. Tax

-$388K

-$358K

$1.8M

-$4M

-$1M

Stock Comp.

$297K

$394K

$834K

$1.1M

$763K

Chg. in WC

-$1.1M

-$3M

-$4.2M

$2.9M

-$3.3M

Balance Sheet

Cash

	2020	2021	2022	2023	2024
Cash	$282K	$613K	$1.6M	$1.7M	$829K
ST Investments	$0	$0	$0	$0	$0
Cash & ST Inv.	$282K	$613K	$1.6M	$1.7M	$829K
Receivables	$18M	$19M	$23M	$23M	$22M
Inventory	$18M	$20M	$21M	$34M	$30M

2020

2021

2022

2023

2024

Cash

$282K

$613K

$1.6M

$1.7M

$829K

ST Investments

Cash & ST Inv.

$282K

$613K

$1.6M

$1.7M

$829K

Receivables

$18M

$19M

$23M

$22M

Inventory

$18M

$20M

$21M

$34M

$30M

Go Deeper

Financial information provided by Financial Modeling Prep. Options data provided by Unusual Whales. Live transcripts provided by Quartr. All data is provided for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice. · See all tickers.

OverviewOverview
News & Market InsightsNews & Market Insights
PeersPeers
Recent TranscriptsRecent Transcripts
RelatedRelated
EarningsEarnings
Income StatementIncome Statement
Cash FlowCash Flow
Balance SheetBalance Sheet

Earnings

Report Date

Feb 12, 2025

Reported Revenue

23.4M

Avg 1d Change

3.22%

Report Period

Q3 2025

EPS Estimate

—

Implied Move 1d

12.38%

Transcript

11m 43s

Now, I would like to turn the call over to the President and CEO, Olivia Elliott.

11m 49s

12m 50s

14m 26s

15m 44s

16m 5s

Particularly as it pertains to announced 10% on Chinese imports.

16m 10s

18m 14s

A big part of the consideration is going to obviously be cost.

18m 20s

19m 7s

Are you like leaning towards one location over another or you're totally undecided at this point?

19m 16s

19m 44s

20m 37s

20m 53s

Because we think that's a bigger opportunity. But yes, we can do both.

20m 58s

Okay. And what's the status of Manhattan Toy? How are the holiday sales and anything you can share with and then also the placement through Walmart.

21m 12s

So I'll take the easy one first. The placement at Walmart is doing well.

21m 17s

22m 28s

22m 59s

Okay. And then what about what's the relationship what's happening with LEGOLAND at this point?

23m 6s

23m 45s

Okay. I have a few more questions, but maybe I could let somebody else ask some questions and you can come back for some more. Okay.

23m 56s

24m 39s

June 26, Compton is definitely the June quarter of twenty eight. You're right, that office one is in that range.

24m 48s

Okay.

24m 48s

25m 6s

25m 35s

So it's kind of a balancing act that we're working through.

25m 39s

Right. I understand. So is it fair to say we might know by your fiscal year end [indiscernible] Okay.

25m 50s

Yes. I mean, if not June by August, I think we'll be able to tell you the final location. [indiscernible] And what about the Minneapolis headquarters? What's that transition going to be?

26m 5s

26m 57s

Thank you.

27m 2s

And our next question Okay. You had talked about developing some new toys Is there any certain toy that you have in development that you're especially excited about?

27m 19s

28m 9s

What is it specifically about the Stella Dial that you is a selling point do you think?

28m 17s

29m 10s

29m 30s

Okay. All right. Now I noticed quite a change in the marketing expense for in the third quarter Did you feel like the ad spend was approximately at the right level now?

29m 49s

So third quarter this year versus third quarter last Yes.

29m 54s

It looked like the marketing expense was lower if I read that correctly.

30m

No, it's actually up a little bit and it's mostly the difference is mostly going to be the continued integration costs for Baby Boom. Otherwise, marketing expenses were flat.

30m 11s

I misspoke. I meant the advertising expense. I'm sorry.

30m 19s

30m 47s

31m 6s

Okay. And then when you talk about Just The big picture like on an annual basis, what should the marketing and administrative expense, what should that be as a percent of revenue?

31m 26s

That's something we're probably not going answer because we just don't forecast.

31m 33s

32m

32m 32s

Okay.

32m 33s

33m 3s

Thanks. Follow-up from John Deysher from Pinnacle. Please go ahead with your follow-up.

33m 13s

Good morning.

33m 15s

What regarding the tariffs, The 10% increase, I guess, when does that go into effect? And I guess, What measures are you taking to either offset that or share it with vendors or what are the options?

33m 36s

34m 18s

Okay, good. That's encouraged. When will that go into effect one way or the other, the rollback of the purchase prices?

34m 27s

34m 55s

Right. But do you have those agreements in writing at this point?

35m

We don't actually have agreements with our suppliers. It's on a PO by PO basis. Which makes it much easier to change as soon as possible.

35m 11s

Okay. And the POs that you submitted Recently, I've been okay by vendors.

35m 18s

Well, we haven't submitted any with the new lower prices, but we can. I mean absolutely, we can go back and change the prices. We've done it before. [indiscernible] Okay.

35m 33s

That's fine. It sounds like it's a work in process at this point.

35m 36s

Yes, absolutely.

35m 38s

It's kind of ever changing here for the past couple of weeks.

35m 46s

Thank you. Thanks.

35m 51s

Be concluding today's question and answer session. At this time, I'd like to turn the floor back over to Olivier Elliott for any closing remarks.

36m 4s

Thank you, Jamie. Thank you for your interest in our company. We look forward to speaking with you again when we report our fourth quarter and fiscal year twenty twenty five results in June.

36m 23s

Ladies and gentlemen, with that, we'll conclude today's conference call and presentation. We do thank you for joining.

Key Insights

CRWS reported third-quarter fiscal 2025 net sales of $23.3 million, a slight decrease from $23.8 million in the prior year, primarily due to lower online toy sales and the loss of a major retailer program, partially offset by $3.8 million in sales from the Baby Boom acquisition.
Gross margin decreased to 26.1% from 27% in the prior year, attributed to changes in product mix and higher warehouse lease costs. The company is evaluating strategic consolidation to reduce warehousing costs in fiscal 2026.
Net income for the quarter was $893,000 ($0.09 per diluted share), down from $1.7 million ($0.17 per diluted share) in the prior year, impacted by acquisition-related costs and higher interest expenses.
The company is focusing on refreshing product lines, including diaper bags and toys, and expects new placements for diaper bags in 2026. Holiday sales for Manhattan Toy were disappointing, but the company is optimistic about refreshed product designs and international distributor opportunities.
CRWS is addressing potential impacts of a 10% tariff increase on Chinese imports by negotiating price rollbacks with suppliers to minimize cost increases for customers. The company is also finalizing decisions on warehouse relocation and expects to announce the location by fiscal year-end or August 2025.

Crown Crafts, Inc. Price & Performance (CRWS)

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