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Stock impact report

Crown Crafts Reports Fiscal 2019 First Quarter Results

Crown Crafts, Inc. (CRWS) 
Last crown crafts, inc. earnings: 11/13 06:45 am Check Earnings Report
Company Research Source: GlobeNewswire
Increase in net sales reported in seasonally slowest quarterBoard declares a quarterly dividend of $0.08 per shareMajor customer’s liquidation continued to affect sales in legacy business GONZALES, La., Aug. 09, 2018 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the fiscal 2019 first quarter, which ended July 1, 2018. “While we saw an increase in net sales due to the addition of our two recent acquisitions, Carousel Designs and Sassy, this quarter presented some unusual challenges,” said E. Randall Chestnut, Chairman, President and Chief Executive Officer. “The bankruptcy and liquidation of one of our largest customers, which represented $3.4 million in sales in the prior year quarter, continued to affect the Company. Although we anticipate replacing a portion of the Babies “R” Us sales volume through reallocation to existing customers in the latter half of the year, the Babies “R” Us deeply discounted liquidation Show less Read more
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