Baby products retailer Crown Crafts's Q1 sales fall, loss widens due to increased tariff costs

Reuters

Aug 13

Baby products retailer Crown Crafts's Q1 sales fall, loss widens due to increased tariff costs

Overview

Crown Crafts fiscal Q1 net sales fell 4.5% yr/yr, impacted by tariffs
Net loss widened to $1.1 mln, affected by increased tariff costs
Baby Boom acquisition added $2.1 mln in net sales for fiscal Q1

Result Drivers

TARIFF IMPACT - Increased tariffs on products imported from China led to higher costs and reduced gross profit
BABY BOOM ACQUISITION - Acquisition added $2.1 mln to net sales, partially offsetting declines
INVENTORY SHORTAGES - Strategy to minimize tariff impact resulted in inventory shortages, affecting sales

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$15.48 mln
Q1 EPS		-$0.1
Q1 Net Income		-$1.10 mln
Q1 Gross Profit		$3.52 mln
Q1 Operating Income		-$1.20 mln
Q1 Pretax Profit		-$1.38 mln

Press Release: ID:nGNX2DMqHz

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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