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Crown Crafts (CRWS)
NASDAQ:CRWS
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 3.62%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The acquisition of Baby Boom and improved gross profit are positive highlights, with a strong cash position and expanded product lines offering optimism for future growth. However, declines in legacy sales, increased expenses, and a significant increase in debt load present challenges. The overall sentiment is cautiously optimistic but tempered by the noted challenges.Company Guidance
During the Crown Crafts Q2 2025 earnings call, several key metrics and guidance were provided. The company's net sales for the quarter increased to $24.5 million, up from $24.1 million in the previous year, largely due to a $3.4 million contribution from the newly acquired Baby Boom assets. The gross profit improved to 28.4% compared to 27.3% a year earlier. Marketing and administrative expenses rose to $5.4 million, representing 22.3% of net sales, with $788,000 of the increase attributed to the Baby Boom acquisition. Net income decreased to $860,000, or $0.08 per diluted share, from $1.8 million, or $0.18 per diluted share, in the prior year quarter. Cash and cash equivalents increased to $2 million, and borrowings on the revolver rose to $20.8 million, reflecting funding for the $18 million Baby Boom acquisition. The company is optimistic about leveraging the acquisition for future revenue growth and is actively pursuing warehouse consolidation and cost management strategies heading into fiscal 2026.Acquisition of Baby Boom
The purchase of Baby Boom Consumer Products contributed positively to the bottom line and added $3.4 million in net sales for the quarter.
Improved Gross Profit
Gross profit for the quarter was 28.4%, improved from 27.3% a year earlier, due to a change in product mix.
Strong Cash Position
Cash and cash equivalents at the end of the second quarter were $2 million, up from $1.1 million at the end of the first quarter and $829,000 at the end of fiscal '24.
Expansion of Product Lines
Crown Crafts expanded product offerings with new licenses like Bluey and Ms. Rachel, and is integrating Baby Boom with existing brands like NoJo.
Positive Consumer Sentiment
The University of Michigan's Consumer Sentiment Index climbed to its highest level since April, indicating potential positive inflection for consumer demand.
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CRWS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRWS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $4.39 | $4.33 | -1.37% |
| Aug 14, 2024 | $4.65 | $4.52 | -2.80% |
| Jun 28, 2024 | $4.83 | $5.05 | +4.55% |
| Feb 14, 2024 | $4.96 | $5.34 | +7.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crown Crafts (CRWS) report earnings?
Crown Crafts (CRWS) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Crown Crafts (CRWS) earnings time?
Crown Crafts (CRWS) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRWS EPS forecast?
Currently, no data Available
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