Crown Crafts (CRWS) Q1 Earnings Decline Y/Y, Gross Margin Down
CRWSCrown Crafts(CRWS) ZACKS·2024-08-17 02:46

Crown Crafts, Inc. (CRWS) reported a loss per share of 3 cents in the first quarter of fiscal 2025 against the year-ago quarter’s earnings of 4 cents per share.Revenues in DetailCrown Crafts registered revenues of $16.2 million in the fiscal first quarter, down 5.3% year over year.Per management, the decrease was primarily due to a major retailer reducing inventory levels and the loss of a program at another major retailer.Segment DetailsCrown Crafts derives revenues from two segments — Bedding, blankets an ...