# EDGAR Filing Document

**Accession Number:** 0000025895
**File Stem:** 0001437749-26-021497
**Filing Date:** 2026-6
**Character Count:** 16798
**Document Hash:** faf307311ddac123a83c78984feea55e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-021497.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0001437749-26-021497

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260624

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CROWN CRAFTS INC
- **CENTRAL INDEX KEY:** 0000025895
- **STANDARD INDUSTRIAL CLASSIFICATION:** BROADWOVEN FABRIC MILLS, COTTON [2211]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 580678148
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0329

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07604
- **FILM NUMBER:** 261112972

**BUSINESS ADDRESS:**
- **STREET 1:** 8184 HIGHWAY 44
- **STREET 2:** SUITE 111
- **CITY:** GONZALES
- **STATE:** LA
- **BUSINESS PHONE:** 225-647-9100

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 1028
- **CITY:** GONZALES
- **STATE:** LA
- **ZIP:** 70707

?xml version='1.0' encoding='ASCII'? crws20260617_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of report (Date of earliest event reported):**<u>June 24, 2026</u>**

**Crown Crafts, Inc.**

------

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-7604** | **58-0678148** |
| (State or other jurisdiction<br>of incorporation) | (Commission File Number)  | (IRS Employer<br>Identification No.) |

---

---

| | |
|:---|:---|
| **8184 Highway 44, Gonzales, LA** | **70737** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code:**<u>(</u><u>225</u><u>)</u> <u>647-9100</u>**

------

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | CRWS | Nasdaq Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

Item 2.02. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Results of Operations and Financial Condition.</u>

On June 24, 2026, Crown Crafts, Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter and full year of fiscal year 2026, which ended March 29, 2026. A copy of that press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02 and in Exhibit 99.1 attached hereto is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. The information in this Item 2.02 and in Exhibit 99.1 attached hereto shall not be incorporated by reference into any registration statement or document pursuant to the Securities Act of 1933, as amended.

Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Statements and Exhibits.</u>

(d) <u>Exhibits</u>

---

| | |
|:---|:---|
| 99.1 | [Press Release dated June 24, 2026.](ex_978562.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CROWN CRAFTS, INC.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CROWN CRAFTS, INC.  |
| Date: <u>June 24, 2026</u>&nbsp;&nbsp;&nbsp;&nbsp; |  | /s/ Claire K. Spencer |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CLAIRE K. SPENCER |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Crown Crafts Announces Financial Results for Fourth Quarter**

**and Full Year Fiscal 2026**

Gonzales, Louisiana – June 24, 2026, Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the "Company") a producer, designer, and distributor of infant, toddler, and juvenile consumer products, today reported results for the fourth quarter and full year fiscal 2026, which ended March 29, 2026.

**Fourth Quarter Fiscal 2026 Summary**

● Net sales of $22.4 million compared to $23.2 million in the prior-year quarter

● Gross profit margin increased to 22.9% compared to 18.3% in the prior-year quarter

● Net income of $0.3 million increased from a net loss of $10.8 million in the prior-year quarter

● Subsequent to the quarter, relaunched Manhattan Toy brand's Groovy Girls, an iconic line of soft fashion dolls

● Declared a quarterly dividend of $0.08 per share on Series A common stock

"We completed our fiscal year with another quarter of solid results reflecting the strength of our many exciting brands and the hard work of our talented team," said Olivia Elliott, President and Chief Executive Officer. "We drove improved gross margins and generated more than $8 million of operating cash flow during the fiscal year, through strategic pricing, a more favorable mix of higher-margin products, and ongoing spending discipline, while the operating environment continued to be challenging. In May, we successfully relaunched Manhattan Toy's Groovy Girls which reflects our ongoing internal focus on new product development. Looking ahead to the new fiscal year, we're confident in our positioning and ability to capitalize on any improvement in consumer demand, and we will continue our efforts with respect to creative product development and internal efficiencies as we seek to further enhance long-term stockholder value."

**Fourth Quarter Fiscal 2026 Results**

Net sales were $22.4 million for the three-month period ended March 29, 2026, compared to $23.2 million for the three-month period ended March 30, 2025. Gross profit was $5.1 million, up from $4.2 million in the prior-year period, reflecting a gross margin on net sales of 22.9% which improved by 460 basis points from 18.3% for the same period in fiscal 2025.

Marketing and administrative expense was held approximately flat relative to the prior-year fourth quarter at $4.6 million, and net income improved to $0.3 million, or $0.03 per diluted share, up from a net loss of $10.8 million, or $1.04 per diluted share in the prior-year fourth quarter, which had included a non-cash goodwill impairment charge of $13.8 million.

------

**Quarterly Cash Dividend**

The Board of Directors declared a quarterly cash dividend on the Company's Series A common stock of $0.08 per share, which will be paid on July 2, 2026 to stockholders of record at the close of business on June 11, 2026.

**Conference Call**

The Company will host a teleconference today at 8:00 a.m. CT to discuss results. Interested individuals may join the teleconference by dialing (844) 539-3703 or (412) 652-1273 and asking to join the Crown Crafts, Inc. call. The teleconference can also be accessed in listen-only mode by visiting the Company's website at <u>www.crowncrafts.com</u>. The financial information to be discussed during the teleconference may be found on the investor relations portion of the Company's website after earnings are released.

A telephone replay of the teleconference will be available one hour after the call through July 8, 2026. To access the replay, dial (844) 512-2921 in the United States or (412) 317-6671 from international locations and enter replay access code 13760859.

**About Crown Crafts, Inc.**

Founded in 1957, Crown Crafts, Inc. designs, markets, and distributes infant, toddler, and juvenile consumer products including infant bedding, toddler bedding, diaper bags, bibs, toys, and disposable products. The Company primarily operates through its wholly owned subsidiaries, NoJo Baby & Kids, Inc. and Sassy Baby, Inc., which market a variety of infant, toddler, and juvenile products under Company-owned trademarks (Sassy®, NoJo®, Manhattan Toy®, Baby Boom® and Neat Solutions®), as well as licensed collections and exclusive private label programs. Sales are made directly to retailers such as mass merchants, large chain stores, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, wholesale clubs, internet-based retailers and direct-to-consumers through the Company's websites. For more information, visit <u>www.crowncrafts.com</u>.

**Forward-Looking Statements**

*The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management*'*s current expectations, projections, estimates and assumptions. Words such as* "*expects,*" "*believes,*" "*anticipates*" *and variations of such words and similar expressions identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. These risks include, among others, general economic conditions, including the impact of increased U.S. tariffs and any retaliatory measures by impacted exporting countries, the Company*'*s ability to mitigate the impact of such tariffs, changes in interest rates, in the overall level of consumer spending and in the price of oil, cotton and other raw materials used in the Company*'*s products, changing competition, changes in the retail environment, the Company*'*s ability to successfully integrate newly acquired businesses, the level and pricing of future orders from the Company*'*s customers, the extent to which the Company*'*s business is concentrated in a small number of customers, the Company*'*s dependence upon third-party suppliers, including some located in foreign countries, customer acceptance of both new designs and newly-introduced product lines, actions of competitors that may impact the Company*'*s business, disruptions to transportation systems or shipping lanes used by the Company or its suppliers, and the Company*'*s dependence upon licenses from third parties. Reference is also made to the Company*'*s periodic filings with the Securities and Exchange Commission for additional factors that may impact the Company*'*s results of operations and financial condition. The Company does not undertake to update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise.*

**Contact:**

Claire Spencer

Vice President and Chief Financial Officer

<u>Investor@crowncrafts.com</u>

------

---

| |
|:---|
| CROWN CRAFTS, INC. AND SUBSIDIARIES |
| UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS |
| THREE- AND TWELVE-MONTH PERIODS ENDED MARCH 29, 2026 AND MARCH 30, 2025 |
| (amounts in thousands, except per share amounts) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fiscal Quarter Ended | Fiscal Quarter Ended | Fiscal Year Ended | Fiscal Year Ended |
|  | March 29, 2026 | March 30, 2025 | March 29, 2026 | March 30, 2025 |
| Net sales | $22376 | $23227 | $82266 | $87250 |
| Cost of products sold | 17249 | 18983 | 62188 | 65985 |
| Gross profit | 5127 | 4244 | 20078 | 21265 |
| Marketing and administrative expenses | 4586 | 4582 | 18979 | 18690 |
| Goodwill impairment charge | - | 13766 | - | 13766 |
| Income (loss) from operations | 541 | (14104) | 1099 | (11191) |
| Other income (expense): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense - net of interest income | (194) | (333) | (1044) | (1173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on sale of property, plant and equipment | - | - | - | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income (expense) - net | (14) | 8 | 2583 | (47) |
| Income (loss) before income tax expense | 333 | (14429) | 2638 | (12413) |
| Income tax expense (benefit) | 53 | (3642) | 795 | (3057) |
| Net income (loss) | $280 | $(10787) | $1843 | $(9356) |
| Weighted average shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 10701 | 10401 | 10653 | 10365 |
| &nbsp;&nbsp;&nbsp;Effect of dilutive securities | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Diluted | 10701 | 10401 | 10653 | 10365 |
| Basic earnings (loss) per share | $0.03 | $(1.04) | $0.17 | $(0.90) |
| Diluted earnings (loss) per share | $0.03 | $(1.04) | $0.17 | $(0.90) |

---

------

---

| |
|:---|
| CROWN CRAFTS, INC. AND SUBSIDIARIES |
| UNAUDITED CONSOLIDATED BALANCE SHEETS |
| MARCH 29, 2026 AND MARCH 30, 2025 |
| (amounts in thousands, except share and per share amounts) |

---

---

| | | |
|:---|:---|:---|
|  | March 29, 2026 | March 30, 2025 |
| **ASSETS** | **ASSETS** | **ASSETS** |
| **Current assets:** |  |  |
| Cash and cash equivalents | $200 | $521 |
| Accounts receivable - net of allowances of $1,521 and $1,723, respectively |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from factor | 16280 | 21854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 2579 | 2654 |
| Inventories | 28365 | 27800 |
| Prepaid expenses | 2176 | 2474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current assets** | 49600 | 55303 |
| Operating lease right-of-use assets | 8956 | 12253 |
| Property, plant and equipment - net of accumulated depreciation of $5,775 and $5,037, respectively | 2011 | 1888 |
| Intangible assets - net of accumulated amortization of $11,615 and $10,840, respectively | 6275 | 7050 |
| Deferred income taxes | 3657 | 4508 |
| Other assets | 154 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $70653 | $81154 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** | **LIABILITIES AND SHAREHOLDERS' EQUITY** | **LIABILITIES AND SHAREHOLDERS' EQUITY** |
| **Current liabilities:** |  |  |
| Accounts payable | $4913 | $5225 |
| Accrued royalties | 532 | 1507 |
| Dividends payable | 952 | 876 |
| Operating lease liabilities, current | 4198 | 3987 |
| Accrued liabilities | 1283 | 1920 |
| Current maturities of long-term debt | 1991 | 1990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current liabilities** | 13869 | 15505 |
| **Non-current liabilities:** |  |  |
| Long-term debt | 12132 | 16512 |
| Deferred income taxes | - | - |
| Operating lease liabilities, noncurrent | 5529 | 9107 |
| Reserve for unrecognized tax liabilities | 310 | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-current liabilities** | 17971 | 26030 |
| **Shareholders' equity:** |  |  |
| Common stock - $0.01 par value per share; Authorized 40,000,000 shares at March 29, 2026 and March 30, 2025; Issued 13,674,249 shares at March 29, 2026 and 13,478,402 shares at March 30, 2025 | 137 | 135 |
| Additional paid-in capital | 59402 | 58637 |
| Treasury stock - at cost - 2,913,962 shares at March 29, 2026 and 2,910,859 shares at March 30, 2025 | (15889) | (15880) |
| Accumulated deficit | (4837) | (3273) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total shareholders' equity** | 38813 | 39619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Shareholders' Equity** | $70653 | $81154 |

---