Crown Crafts (CRWS) Tops Q3 EPS by 1c

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Crown Crafts Reports Fiscal 2016 Third Quarter Results

February 9, 2016 6:45 AM EST

Net income and gross margin improve for the quarter and year to dateCompany reports cash balance of $7.5 million at quarter endBoard declares special dividend of $0.25 per share in addition to a quarterly dividend of $0.08 per share

GONZALES, La., Feb. 09, 2016 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (NASDAQ: CRWS) (the Company) today reported results for the fiscal 2016 third quarter, which ended December 27, 2015.

While our business remains strong, this years third quarter presented several challenges.  Retail sales are typically slower for our product categories... More