Crown Crafts制衣2026年季度报告

Securities registered pursuant to Section 12(b) of the Act: Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑ The number of shares of common stock, $0.01 par value, of the registrant outstanding as of January 31, 2026 was 10,697,787. CROWN CRAFTS, INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSDECEMBER 28, 2025 AND MARCH 30, 2025 December 28,2025March 30, 2025 CROWN CRAFTS, INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1–Interim Financial Statements Basis of Presentation:The accompanying unaudited condensed consolidated financial statements include the accounts of Crown Crafts,Inc. and its subsidiaries (the “Company”) and have been prepared pursuant to accounting principles generally accepted in the United States(“GAAP”) applicable to interim financial information as promulgated by the Financial Accounting Standards Board (“FASB”). Accordingly,they do not include all of the information and disclosures required by GAAP for complete financial statements. References herein to GAAP In the opinion of the Company’s management, the unaudited condensed consolidated financial statements contained herein include alladjustments necessary to present fairly the financial position of the Company as of December 28, 2025 and the results of its operations andcash flows for the periods presented. Such adjustments include normal, recurring accruals, as well as the elimination of all significantintercompany balances and transactions. Operating results for the three- and nine-month periods ended December 28, 2025 are not necessarily Fiscal Year:The Company’s fiscal year ends on the Sunday that is nearest to or on March 31. References herein to “fiscal year 2026” or“2026” represent the 52-week period ending March 29, 2026 and references herein to “fiscal year 2025” or “2025” represent the 52-week Recently-Issued Accounting Standards: In December 2023, the FASB issued ASU No. 2023-09,Income Taxes (Topic 740)–Improvements to Income Tax Disclosures, theobjective of which is to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU No. 2023-09are required to be adopted for fiscal years beginning after December 15, 2024 and early adoption is permitted. The Company is in the processof adopting ASU No. 2023-09 beginning with the Company's Annual Report on Form 10-Kfor the period ending March 29, 2026. The In November 2024, the FASB issued ASU No. 2024-03,Income Statement–Reporting Comprehensive Income–Expense DisaggregationDisclosures (Subtopic 220-40) - Disaggregation of Income Statement Expenses,the objective of which is to enhance the transparency andusefulness of financial statements by requiring public business entities to provide more detailed disclosures about their expenses. Theamendments in ASU No. 2024-03 are required to be adopted for annual reporting periods beginning after December 15, 2026, and for interim The Company has determined that all other ASUs issued which had become effective as of December 28, 2025, or which will becomeeffective at some future date, are not expected to have a material impact on the Company’s consolidated financial statements. Note 2–Segment Reporting The Company’s operations are managed and reported to its Chief Executive Officer, the Company’s chief operating decision maker(“CODM”), on a consolidated basis. The Company operates in one principal segment, infant, toddler and juvenile products. These productsconsist of infant and toddler bedding, diaper bags, bibs, toys and disposable products. The CODM assesses performance and allocates As a single reportable segment entity, the Company’s segment performance measure is net income. The following table presentsinformation about the Company’s reportable segment (in thousands): Included in the profit or loss measure above are the following: depreciation expense and amortization expense were $189 thousand and$187 thousand, respectively, for the three months ended December 28, 2025 while for the three months ended December 29, 2024,depreciation and amo