Crown Crafts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 02, 2022
November 16, 2022 at 05:15 pm IST
Share
Crown Crafts, Inc. reported earnings results for the second quarter and six months ended October 02, 2022. For the second quarter, the company reported sales was USD 18.73 million compared to USD 20.22 million a year ago. Net income was USD 2.04 million compared to USD 2.39 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.24 a year ago.
For the six months, sales was USD 34.44 million compared to USD 38.93 million a year ago. Net income was USD 3.47 million compared to USD 5.05 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.5 a year ago.
Crown Crafts, Inc. designs, markets, and distributes infant, toddler and juvenile consumer products. It operates through its four subsidiaries, NoJo Baby & Kids, Inc., Sassy Baby, Inc., Manhattan Group, LLC, and Manhattan Toy Europe Limited in the infant, toddler and juvenile products segment. Its infant, toddler and juvenile products segment consists of infant and toddler bedding and blankets, bibs, soft bath products, disposable products, developmental toys and accessories. Its primary focus is on infant, toddler, and juvenile products, including infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and washcloths, reusable and disposable placemats and floor mats, disposable toilet seat covers and changing mats, developmental toys, feeding and care goods and other infant, toddler and juvenile soft goods. It serves mass merchants, restaurants, and chain stores, among others.
CROWN CRAFTS, INC. 
