Overview
Crown Crafts Q2 fiscal 2026 revenue fell to $23.7 mln from $24.5 mln last year
Net income for Q2 fiscal 2026 rose to $1.2 mln from $0.9 mln last year
Company reduced marketing and administrative expenses, improving cost management
Outlook
Company to consolidate operations to eliminate redundant costs and realize savings
Crown Crafts aims to leverage acquisitions and expand product lines
Company focuses on pricing actions to position for success as demand normalizes
Result Drivers
COST MANAGEMENT - Reduced marketing and administrative expenses contributed to improved net income despite lower sales
TARIFF IMPACT - Increased tariff costs on imports from China pressured gross margins
PRODUCT SALES MIX - Sales of bedding and diaper bags decreased by $1.6 mln, while bibs, toys, and disposable products increased by $0.8 mln
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $23.70 mln | ||
Q2 Net Income | $1.16 mln | ||
Q2 Basic EPS | $0.11 | ||
Q2 Gross Profit | $6.57 mln | ||
Q2 Operating Income | $1.86 mln | ||
Q2 Pretax Profit | $1.58 mln |
Press Release: ID:nGNX8G0LD5
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(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.)