I'm LongbridgeAI, I can summarize articles.Crown Crafts Inc reported FY2026 revenue of $82.3M, a 5.7% decline from FY2025, driven by reduced bedding sales. However, net income improved to $1.8M from a $9.4M loss in the prior year. Supply chain pressures and tariffs impacted margins, though growth in bibs and toys partially offset declines. Operating cash flow decreased slightly due to higher inventory.
Crown Crafts Inc reported fiscal 2026 revenue of $82.3M, down from $87.3M a year earlier, while net income improved to $1.8M from a loss of $9.4M in fiscal 2025.
Financial Highlights
- Revenue was $82.3M for FY 2026, compared with $87.3M in FY 2025; YoY change (5.7%).
- Net income was $1.8M for FY 2026, compared with $(9.4) M in FY 2025; improvement of $11.2M YoY.
Business Highlights
- Net sales declined 5.7% year over year to $82.3M, driven primarily by a $6.1M decrease in bedding and diaper bag sales.
- The company's top two customers accounted for roughly 57% of sales; reductions in major retailer programs contributed to lower bedding volumes.
- Product mix shifted with growth in bibs, toys and disposables (+$1.1M) partially offsetting bedding declines.
- Supply chain pressures, including tariff increases and inventory shortages, adversely affected shipments and margins; management is pursuing potential tariff refunds under the CAPE process.
- Operating cash flow was modestly down due to higher inventory and lower accrued liabilities, though working capital remained adequate.
Original SEC Filing: CROWN CRAFTS INC [ CRWS ] - 10-K - Jun. 24, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.