Crown Crafts, Inc. (NASDAQ: CRWS) reported its financial results for the second quarter of fiscal year 2027, which ended September 27, 2026. The company announced that net sales for the quarter were $19.0 million, a decrease from $23.7 million in the prior-year quarter.
Gross profit margin for the period improved to 32.0%, up from 27.7% in the prior year. This increase was attributed to tariff refunds and a reduction in severance expense. When adjusting for these two factors, the company reported a gross profit margin of 30.9%, which represents a year-over-year increase of 320 basis points.
Net income for the quarter was $1.3 million, or $0.12 per diluted share, compared to $1.2 million, or $0.11 per diluted share in the prior year. Marketing and administrative expenses were reduced to $4.5 million from $4.7 million in the prior period.
The company declared a quarterly cash dividend of $0.03 per share on its Series A common stock. This dividend is scheduled to be paid on January 4, 2027, to shareholders of record as of the close of business on December 11, 2026.
