Crown Crafts Q3 net sales fall on tariff headwinds

Reuters

Feb 11

Crown Crafts Q3 net sales fall on tariff headwinds

Overview

Infant products maker's fiscal Q3 net sales fell to $20.7 mln from $23.4 mln yr/yr
Net income for fiscal Q3 rose to $1.5 mln from $0.9 mln yr/yr
Company announced relaunch of Groovy Girls toy line for May 2026

Outlook

Crown Crafts plans to relaunch Groovy Girls dolls in May 2026
Company focuses on internal product development and managing expenses
Crown Crafts navigates uneven consumer spending and elevated tariffs

Result Drivers

DEMAND ENVIRONMENT - Co faced challenging demand environment and higher tariffs impacting sales
INSURANCE PROCEEDS - Net income benefitted from $2.5 mln insurance proceeds related to acquisition
PRODUCT CATEGORY PERFORMANCE - Positive performance in bibs, toys, and disposable categories during holiday season

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$20.70 mln
Q3 EPS		$0.14
Q3 Net Income		$1.50 mln
Q3 Gross Margin		23.50%

Press Release: ID:nGNX8ydS4R

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact reuters.support@thomsonreuters.com.(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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}