Crown Crafts Q1 FY2027: Net Income $2.1M, Gross Margin 47.9% on Tariff Refund
CRWS sits 24% above its 52-week low of $2.35 on elevated volume (2.1× avg).
Summary
Crown Crafts reported Q1 FY2027 net income of $2.1 million, up from a $1.1 million loss, driven by a $3.7 million tariff refund. Gross margin expanded to 47.9%, and the company has received $4.6 million in IEEPA refunds.
Key Events · Earnings and Guidance · CRWS
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Q1 Net Income Swings to $2.1M
Net income of $2.1 million for Q1 FY2027, compared to a $1.1 million loss in the prior year period. Earnings per share were $0.19 versus a loss of $0.10.
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Tariff Refund Boosts Gross Margin
A $3.7 million IEEPA tariff refund reduced cost of sales, lifting gross margin to 47.9% from 22.7%. Excluding the refund, gross margin was 25.6%.
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$4.6M in Tariff Refunds Received
As of August 5, 2026, the company received $4.6 million of $4.7 million in accepted IEEPA tariff refund claims, with the remaining $0.9 million still under evaluation.
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Amended Incentive Plan Reserves 2.45M Shares
The Amended and Restated 2021 Incentive Plan, effective August 10, 2026, reserves 2,450,000 shares for future awards, representing potential dilution.
Analysis · CRWS · Manufacturing
A $3.7 million IEEPA tariff refund drove Crown Crafts to a $2.1 million profit in Q1 FY2027, reversing a $1.1 million loss from the prior year and lifting gross margin to 47.9%. Excluding the refund, gross margin was 25.6%, still up from 22.7% last year. The company also disclosed $4.7 million in accepted tariff refund claims, with $4.6 million already received, strengthening its cash position. The filing includes an amended incentive plan reserving 2.45 million shares, a potential future dilution factor.
At the time of this filing, CRWS was trading at $2.91 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $32M. The 52-week trading range was $2.35 to $3.17. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.