Company profile

Ticker
CRWS
Exchange
CEO
E. Randall Chestnut
Employees
Incorporated in
Location
Fiscal year end
Culp ...
SEC CIK
IRS number
580678148

CRWS stock data

(
)

Calendar

13 Nov 19
14 Dec 19
31 Mar 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 18.56M 15.94M 21.72M 18.67M
Net income 1.78M 1.08M 1.39M 1.55M
Diluted EPS 0.18 0.11 0.14 0.15
Net profit margin 9.59% 6.77% 6.41% 8.32%
Operating income 2.39M 1.1M 1.98M 2.15M
Net change in cash -3.27M 3.32M 80K -91K
Cash on hand 200K 3.47M 143K 63K
Cost of revenue 12.69M 11.39M 15.51M 13.07M
Annual (USD) Mar 19 Mar 15
Revenue 76.38M
Net income 5.02M 5.72M
Diluted EPS 0.5 0.57
Net profit margin 6.57%
Operating income 7.11M 9.22M
Net change in cash -1.66M
Cash on hand 143K 1.81M
Cost of revenue 54.07M 62.43M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Net Sales: Sales decreased by $2.0 million, or 9.6%, for the three-month period ended September 29, 2019 compared with the same period in the prior year, primarily due to timing of shipments to certain retailers as well as a program that was discontinued during the quarter. Sales decreased by $1.5 million, or 4.2%, for the six-month period ended September 29, 2019 compared with the same period in the prior year. Sales of bibs, bath, developmental toys, feeding, baby care and disposable products in the current year increased by $485,000 over the prior year, while sales of bedding, blankets and accessories in the current year decreased by $2.0 million.
  • Gross Profit: Gross profit decreased by $501,000 but increased from 31.0% of net sales for the three-month period ended September 30, 2018 to 31.6% of net sales for the three-month period ended September 29, 2019. Gross profit decreased by $78,000 but increased from 29.2% of net sales for the six-month period ended September 30, 2018 to 30.2% of net sales for the six-month period ended September 29, 2019. The decrease in amount is primarily due to the net lower sales levels in the current year.
  • Marketing and Administrative Expenses: Marketing and administrative expenses decreased in amount by $351,000 but was mostly flat at 18.7% of net sales for the three-month period ended September 29, 2019 compared with 18.6% of net sales for the three-month period ended September 30, 2018. Marketing and administrative expenses decreased in amount by $584,000 and decreased from 20.9% of net sales for the six months ended September 30, 2018 to 20.1% of net sales for the six months ended September 29, 2019. Contributing to the decrease is the elimination in the current year of $210,000 in charges incurred in the prior year associated with transferring most of the Sassy-branded developmental toy, feeding and baby care product line inventory from Grand Rapids, Michigan to the Company’s distribution facility in Compton, California. Also, outside services and advertising decreased in the current year by $216,000 and $129,000, respectively.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
New words: flat, program
Removed: nonemployee