Company: CRWS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034222
Chunk: 13

Company: CROWN CRAFTS INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 2
Chunk 13
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 China and affected shipments from the Company’s Chinese-based suppliers. The Company is evaluating the potential impact of the imposition of new tariffs on imports from China to the Company’s business and financial condition. The impact of the increased tariffs is uncertain because it is subject to a number of factors, including the duration of such tariffs, changes in the amount, scope and nature of the tariffs in the future, any countermeasures that China may take and any mitigation actions that may become available.
 
For additional discussion of trends, uncertainties and other factors that could impact the Company’s operating results, refer to the risk factors disclosed in Item 1A. of Part 1 of the Company’s Annual Report on Form 10-K for the year ended March 30, 2025.
 
RESULTS OF OPERATIONS
 
The following table contains the results of operations for the three- and six-month periods ended September 28, 2025 and September 29, 2024 and the dollar and percentage changes for those periods (in thousands, except percentages):

                                                         Three-Month Periods Ended                                     Change                                     Six-Month Periods Ended                                      Change                  
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                                           September 28, 2025                    September 29, 2024                    $                 %          September 28, 2025                  September 29, 2024       $                      %              
Net sales by category:                                                                                                                                                                                                                                 
Bedding and diaper bags                               $10,410                               $11,996          $(1,586   )             -13.2   %                 $17,201                             $18,247       $(1,046        )              -5.7   %
Bibs, toys and disposable products                     13,285                                12,464              821                   6.6   %                  21,972                              22,425               (453   )              -2.0   %
Total net sales                                        23,695                                24,460             (765   )              -3.1   %                  39,173                              40,672             (1,499   )              -3.7   %
Cost of products sold                                  17,124                                17,503             (379   )              -2.2   %                  29,084                              29,749               (665   )              -2.2   %
Gross profit                                            6,571                                 6,957             (386   )              -5.5   %                  10,089