CROWN CRAFTS INC
For the period ended Feb 11, 2026. Filed Feb 11, 2026.
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Feb 11, 2026 · Filed Feb 11, 2026
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Contents
EX-99.1 · Forward-Looking Statements
Forward-Looking Statements
The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current expectations, projections, estimates and assumptions. Words such as“expects,”* “believes,” “anticipates” and variations of such words and similar expressions identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. These risks include, among others, general economic conditions, including the impact of increased U.S. tariffs and any retaliatory measures by impacted exporting countries, the Company*’s ability to mitigate the impact of such tariffs, changes in interest rates, in the overall level of consumer spending and in the price of oil, cotton and other raw materials used in the Company’s products, changing competition, changes in the retail environment, the Company’s ability to successfully integrate newly acquired businesses, the level and pricing of future orders from the Company’s customers, the extent to which the Company’s business is concentrated in a small number of customers, the Company’s dependence upon third-party suppliers, including some located in foreign countries, customer acceptance of both new designs and newly-introduced product lines, actions of competitors that may impact the Company’s business, disruptions to transportation systems or shipping lanes used by the Company or its suppliers, and the Company’s dependence upon licenses from third parties. Reference is also made to the Company’s periodic filings with the Securities and Exchange Commission for additional factors that may impact the Company’s results of operations and financial condition. The Company does not undertake to update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise.
Contact:
Claire Spencer
Vice President and Chief Financial Officer
investor@crowncrafts.com
Investor Relations:
Three Part Advisors
Steven Hooser, Partner, or John McNamara, Managing Director
(817) 421-1803
jmcnamara@threepa.com
CROWN CRAFTS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
THREE- AND NINE-MONTH PERIODS ENDED DECEMBER 28, 2025 AND DECEMBER 29, 2024
(amounts in thousands, except per share amounts)
| Three-Month Periods Ended | Nine-Month Periods Ended | |||
|---|---|---|---|---|
| December 28, 2025 | December 29, 2024 | December 28, 2025 | December 29, 2024 | |
| Net sales | $20,717 | $23,351 | $59,890 | $64,023 |
| Cost of products sold | 15,855 | 17,253 | 44,939 | 47,002 |
| Gross profit | 4,862 | 6,098 | 14,951 | 17,021 |
| Marketing and administrative expenses | 4,968 | 4,397 | 14,393 | 14,108 |
| (Loss) income from operations | (106) | 1,701 | 558 | 2,913 |
| Other (expense) income: | ||||
| Interest expense - net of interest income | (280) | (391) | (850) | (840) |
| (Loss) gain on sale of property, plant and equipment | - | (2) | - | (2) |
| Other income (expense) - net | 2,494 | (33) | 2,597 | (55) |
| Income before income tax expense | 2,108 | 1,275 | 2,305 | 2,016 |
| Income tax expense | 598 | 382 | 742 | 585 |
| Net income | $1,510 | $893 | $1,563 | $1,431 |
| Weighted average shares outstanding: | ||||
| Basic | 10,701 | 10,394 | 10,635 | 10,353 |
| Effect of dilutive securities | - | - | - | 1 |
| Diluted | 10,701 | 10,394 | 10,635 | 10,354 |
| Earnings per share - basic and diluted | $0.14 | $0.09 | $0.15 | $0.14 |
CROWN CRAFTS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
DECEMBER 28, 2025 AND MARCH 30, 2025
(amounts in thousands, except share and per share amounts)
| December 28, 2025 | March 30, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,402 | $521 |
| Accounts receivable - net of allowances of $1,898 and $1,723, respectively | ||
| Due from factor | 14,669 | 21,854 |
| Other | 3,193 | 2,654 |
| Inventories | 31,151 | 27,800 |
| Prepaid expenses | 3,189 | 2,474 |
| Total current assets | 54,604 | 55,303 |
| Operating lease right of use assets | 9,270 | 12,253 |
| Property, plant and equipment - net of accumulated depreciation of $5,615 and $5,037, respectively | 1,938 | 1,888 |
| Intangible assets - net of accumulated amortization of $11,428 and $10,840, respectively | 6,462 | 7,050 |
| Deferred income taxes | 3,654 | 4,508 |
| Other assets | 176 | 152 |
| Total Assets | $76,104 | $81,154 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $7,139 | $5,225 |
| Accrued royalties | 830 | 1,507 |
| Dividends payable | 921 | 876 |
| Operating lease liabilities, current | 3,975 | 3,987 |
| Accrued liabilities | 1,074 | 1,920 |
| Current maturities of long-term debt | 1,991 | 1,990 |
| Total current liabilities | 15,930 | 15,505 |
| Non-current liabilities: | ||
| Long-term debt | 14,432 | 16,512 |
| Operating lease liabilities, noncurrent | 6,109 | 9,107 |
| Reserve for unrecognized tax liabilities | 434 | 411 |
| Total non-current liabilities | 20,975 | 26,030 |
| Shareholders' equity: | ||
| Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 28, 2025 and March 30, 2025; Issued 13,611,749 shares at December 28, 2025 and 13,478,402 shares at March 30, 2025 | 136 | 135 |
| Additional paid-in capital | 59,213 | 58,637 |
| Treasury stock - at cost - 2,913,962 shares at December 28, 2025 and 2,910,859 shares at March 30, 2025 | (15,889) | (15,880) |
| Retained Earnings (accumulated deficit) | (4,261) | (3,273) |
| Total shareholders' equity | 39,199 | 39,619 |
| Total Liabilities and Shareholders' Equity | $76,104 | $81,154 |
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