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.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

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 August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.