Crown Crafts Profit Soars
November 17, 2008,
Infant and toddler products maker Crown Crafts Inc. nearly doubled its second-quarter profit by driving new sales, even as it digested its acquisition of licensed lines from Springs Global.
Quarterly net earnings of $1.0 million, or 11 cents per diluted share, were up from $541,000, or five cents per share, in the same period one year ago.
Sales of $23.8 million grew 39.2% from $17.1 million in the year-ago period.