Crown Crafts stock swings to profit in fiscal 2027 first quarter

Published on 09/29/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Crown Crafts stock posted USD 16.8 million in fiscal 2027 first-quarter sales on June 28, 2026. Net income reached USD 2.1 million after a prior-year loss.

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Crown Crafts stock is tied to a sharp earnings comparison: the company reported USD 16.8 million in fiscal 2027 first-quarter net sales for the period ended June 28, 2026, versus USD 15.5 million a year earlier. StockTitan reported the results on August 12, 2026.

Profit returns in fiscal 2027

Net income was USD 2.1 million, or USD 0.19 per diluted share, compared with a net loss of USD 1.1 million, or USD 0.10 per share, in the prior-year quarter. The result gives Crown Crafts a concrete earnings rebound, although the comparison includes a material cost benefit that investors need to separate from recurring operations.

Gross profit reached USD 8.0 million after the company recorded USD 3.7 million in tariff refunds against cost of products sold. Excluding those refunds, the reported gross margin was 25.6 percent, an improvement of 290 basis points from the prior-year quarter, according to StockTitan.

Cash distribution was reset

The board declared a quarterly dividend of USD 0.03 per share in the August 12, 2026 results release. The filing described the lower distribution as supporting growth initiatives, debt reduction and warehouse consolidation, making capital allocation an important counterweight to the improved earnings print.

Auditor change adds a governance checkpoint

Crown Crafts appointed Grant Thornton as its independent registered public accounting firm for the fiscal year ending March 28, 2027, and dismissed KPMG effective August 27, 2026, according to StockTitan. The same filing said a material weakness involving review and approval of manual journal entries was remediated as of March 29, 2026.

Nasdaq listing remains central

Crown Crafts is listed on the Nasdaq Capital Market under ticker CRWS. The company sells infant, toddler and home textile products through retail, wholesale and online channels, while its market capitalization was USD 27.3 million as of September 29, 2026.