Crown Crafts Results Weighed Down by Costs
September 13, 2011,
Net income fell 27% to $530,000, or 5 cents per share. Sales rose 2% to $17.5 million.
"Net sales continued to improve as a result of our innovative and popular new designs in bedding, blankets and accessories, combined with our aggressive promotional and marketing activities in this product category," said Randall Chestnut, chairman, president and ceo.