Crown Crafts Net Jumps 51 Percent in Q2

GONZALES, La.--Second-quarter net income for Crown Crafts totaled $1.2 million, up 51 percent from the second quarter of last year.

The company accomplished this on a gain in net sales of 9.2 percent to $23.7 million in the quarter ended Sept. 30, 2010. Details on selling, general and administrative expenses were missing from Crown Crafts' statement on its results, but its reported 41 percent increase in income from operations indicated the company successfully kept expenses in check. In addition, the company's gross margin rose 300 basis points to 23.8 percent.

E. Randall Chestnut, chairman, president and chief executive officer, said Crown Crafts' second quarter was characterized by "increasing customer demand and a positive market response to new designs across our various product lines." In particular, Chestnut cited a 33 percent jump in sales of the company's NoJo branded line of infant bedding.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money