Crown Crafts (CRWS) Tops Q1 EPS by 2c

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Crown Crafts Reports Fiscal 2016 First Quarter Results

August 12, 2015 7:00 AM EDT

Strong improvement in net sales and net income Company remains debt-free with $8.2 million cash balance Board declares 23rd consecutive quarterly dividend

GONZALES, La., Aug. 12, 2015 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ: CRWS) today reported results for the fiscal 2016 first quarter, which ended June 28, 2015.

"Our performance in the first quarter was strong compared with the same quarter last year, as net sales increased by 13.7% and net income improved significantly in what is typically our softest quarter of the year," said E. Randall Chestnut, Chairman, President and Chief Executive... More