10-K · June 24, 2026
Crown Crafts, Inc. reported FY2026 revenues of $82.3 million, a 5.7% decline from FY2025, with significant contributions from bibs, toys, and disposable products. The company faced gross margin pressure at 24.4%, and…
Earnings analysis · 10-Q
CRWS earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
Crown Crafts reported $16.8 million of revenue and $0.19 EPS, with revenue up 8.3% year over year and a return to profitability from a $0.10 prior-year loss. Reported gross margin rose to 47.9%, but the 25.6% adjusted…
Read full summary
Crown Crafts reported $16.8 million of revenue and $0.19 EPS, with revenue up 8.3% year over year and a return to profitability from a $0.10 prior-year loss. Reported gross margin rose to 47.9%, but the 25.6% adjusted margin excluding $3.7 million of tariff refunds indicates a substantial one-time benefit. The balance sheet carried $9.6 million of variable-rate debt, while customer concentration, licensed-product dependence and tariff exposure remain significant risks. The company stated that there were no material changes to the risk factors from its March 29, 2026 10-K and provided no formal numeric guidance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.19
- Gross margin
- 47.9%
What stood out
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Revenue and EPS improved year over year
Revenue was $16.8 million, up 8.3% year over year, while EPS improved to $0.19 from a $0.10 loss in the comparable prior-year quarter.
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Gross margin benefited from tariff refunds
Reported gross margin was 47.9%, although management indicated adjusted gross margin was 25.6% excluding $3.7 million of tariff refunds, showing that the reported margin benefited materially from a nonrecurring item.
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Variable-rate debt totaled $9.6 million
The company had $9.6 million of variable-rate indebtedness as of June 28, 2026, consisting of revolving credit and term-loan borrowings.
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Interest-rate sensitivity quantified
Management estimated that a 1 percentage-point increase in applicable interest rates would reduce annual net income by approximately $73 thousand.
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Controls remained effective
Disclosure controls and procedures were concluded to be effective as of the end of the reporting period, with no internal-control changes identified that materially affected or were reasonably likely to materially affect ICFR.
What to watch
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High customer concentration
The two largest customers represented approximately 57% of fiscal 2026 gross sales, creating material customer-concentration exposure.
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Dependence on licensed products
Licensed products represented 52% of fiscal 2026 gross sales, including 23% associated with Disney-affiliated license agreements; loss of a major license could materially affect results.
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Tariff and China sourcing exposure
The company sources primarily from foreign manufacturers, with the largest concentration in China. Additional tariffs could raise costs and freight expense, and the company may not pass through all increases; the filing notes that the full impact could materially adversely affect the business, cash flow, results of operations and financial condition.
Management's outlook
No formal quantitative revenue or EPS guidance was provided in the 10-Q. Management previously cited optimism regarding the future sales outlook and plans for debt reduction and warehouse consolidation over the next two years; the filing does not establish numeric targets.
Earlier filings 4
10-Q · February 11, 2026
Crown Crafts, Inc. reported a revenue decline to $20.7 million for Q3 FY2026, down 11.3% year-over-year. The gross margin also fell to 23.5% with a slight net income increase to $1.5 million, reflecting operational…
10-Q · November 12, 2025
Crown Crafts, Inc. reported a revenue of $23.7 million for Q2 2025, a 3.1% decrease year-over-year from $24.5 million. Gross margin improved slightly to 27.7%, alongside a positive EPS of $0.11, reflecting a continued…
10-Q · August 13, 2025
Crown Crafts, Inc. reported a decrease in revenue to $15.5 million for Q4 2025, down 4.5% compared to Q4 2024, and posted a net loss of $1.1 million, marking a significant decline from the prior year's loss. Gross…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.