Crown Crafts Reports Q1 2027 Earnings with Improved Sales and Margins
Crown Crafts (CRWS) reported strong financial results for the first quarter of fiscal year 2027, driven by improved inventory management that enabled better demand fulfillment. Net sales rose to $16.8 million, up 8% from the prior year period. GAAP gross margin reached 47.9%, largely due to a $3.7 million tariff refund impacting cost of goods sold. Adjusted gross margin also increased by 290 basis points to 25.6%. The company posted net income of $2.1 million or $0.19 per diluted share, reversing the previous year's loss. Operating cash flow stood at $5.5 million and total debt was reduced from over $14 million to $9.6 million by mid-fiscal 2027. Crown Crafts also announced a revised quarterly dividend of $0.03 per share aimed at supporting growth initiatives while maintaining liquidity at $12.1 million.
