Crown Crafts Net Jumps 51 Percent in Q2
November 9, 2010,
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.