Crown Crafts reports Q3 EPS 13c vs 24c last year

Reports Q3 revenue $19M vs $22.7M last year. "Our fiscal third quarter results reflect the ongoing macroeconomic challenges facing our customers and the overall retail industry. We believe that we are well-positioned to continue to navigate these issues thanks to our strong customer relationships and product offerings," said Olivia W. Elliott, President and Chief Executive Officer of the Company. "We also effectively managed our inventory, reducing our balance in a quarter where levels historically rise, and increased our cash position versus the second quarter. We will continue our efforts to diligently manage our inventory levels and improve profitability across our business."