Tag Archives: Crown Crafts

Crown Crafts Q1 Net Falls 14.5 Percent

Crown Crafts

GONZALES, La.-Emerging from what historically is its slowest quarter of the year, Crown Crafts posted first-quarter net income of $703,000, down 14.5 percent from the first quarter of last year. Net sales in the quarter, which ended on June 29, fell 5.5 percent to $15.7 million. Gross margin edged up 20 basis points to 27.3More »

Crown Crafts Deals for Kidsline, CoCaLo Brands

Crown Crafts

GONZALES, La.-Crown Crafts has reached an agreement with Kids Brands to acquire the Kidsline and CoCaLo brand names for a cash purchase price of $1.35 million. The transaction is subject to the approval of the United States Bankruptcy Court for the District of New Jersey, as part of the chapter 11 proceedings begun by KidsMore »

Crown Crafts Expands Carter’s License into Infant Bedding

Crown Crafts

GONZALES, La.-Crown Crafts’ infant products unit has reached an agreement to expand its license with Carter’s to include infant bed sets and decor. The new deal extends the company’s agreement with Carter’s which currently covers toddler bedding. E. Randall Chestnut, Crown Crafts’ chairman, president and CEO, said, “This is part of our ongoing effort toMore »

Crown Crafts Net Up for Q4, FY

Crown Crafts

GONZALES, La.-Crown Crafts bucked what its chairman, president and CEO, E. Randall Chestnut, described as “a challenging retail environment” to boost net income and sales for its fourth quarter and fiscal year ending on March 30. Net income for the year jumped 12.9 percent to $5.8 million, while net income in the quarter totaled $2More »

Crown Crafts Q3 Net Gains 10.9 Percent

Crown Crafts

GONZALES, La.-Crown Crafts bucked the tough retail economy by turning in double-digit increases in both net income and operating income in its fiscal third quarter, which ended on Dec. 29. Net income rose 10.9 percent to finish the quarter at $1.8 million. The company did not break out selling, general and administrative expenses in itsMore »

Crown Crafts Licenses with Jonathan Adler for Infant/Toddler Collection

Jonathan Adler

GONZALES, La.-Crown Crafts—through its Crown Crafts Infant Products subsidiary—has reached an agreement with Jonathan Adler Enterprises to create a licensed line of infant and toddler textiles under the Happy Chic by Jonathan Adler label. The collection will consist of infant and toddler bedding, blankets, room decor, bibs, bath products and disposable items. It will beMore »

Crown Crafts to Distribute Gro Co. Products in U.S. Market

Crown Crafts

GONZALES, La.-The Infant Products subsidiary of Crown Crafts has signed an agreement with Gro Co. to distribute its products in the United States. Based in Devon, England, Gro Co. manufactures sleep products for the nursery. This includes the Grobag, a wearable blanket which helps parents put their babies to bed, according to a Crown CraftsMore »

Crown Crafts Net Falls 8.4 Percent in Q1

Crown Crafts

GONZALES, La.-Difficulties in the retail sector put a crimp on Crown Crafts’ net income in its fiscal first quarter, which ended on June 30. Net income decreased by 8.4 percent to $822,000, as net sales declined by 4.8 percent to $16.6 million. E. Randall Chestnut, chairman, president and CEO, said the first quarter is traditionallyMore »