Crown Crafts swings to Q4 net income

Crown Crafts, Inc.

Crown Crafts, Inc.

CRWS

0.00


Overview

  • US infant products maker's fiscal Q4 revenue declined yr/yr, gross margin improved

  • Net income turned positive, reversing prior-year loss with goodwill impairment charge

  • Company attributed margin gains to strategic pricing and higher-margin product mix


Outlook

  • Company says it is confident in its positioning for the new fiscal year

  • Company will continue efforts in creative product development and internal efficiencies

  • Company notes the operating environment remains challenging


Result Drivers

  • STRATEGIC PRICING - Co said improved gross margin was driven by strategic pricing actions

  • PRODUCT MIX - Co said a more favorable mix of higher-margin products contributed to margin gains

  • SPENDING DISCIPLINE - Co said ongoing spending discipline supported profitability


Company press release: ID:nGNX9MtbTP


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$22.38 mln

Q4 EPS

$0.03

Q4 Net Income

$280,000

Q4 Gross Margin

22.90%

Q4 Basic EPS

$0.03

Q4 Gross Profit

$5.13 mln

Q4 Operating Income

$541,000

Q4 Pretax Profit

$333,000


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