NEWS BRIEFS.
HFN: The Weekly Newspaper for the Home Furnishing Network, September, 2000
Crown Crafts' Late Report Shows Loss
After a several months' delay in filing its annual report, which kept many guessing about the company's future, Crown Crafts reported increased losses for fiscal 2000 on sales that dropped 11.6 percent. Net sales for the year were $320 million, compared with $362 million in 1999. The company reported a loss for the fiscal year of $29.1 million, or $3.39 per share, compared with a loss in 1999 of $11.8 million, or $1.37 per share.
In its filing with the Securities and Exchange Commission last Friday, the company said sales of bedroom products decreased $10 million to $135.6 million while net sales of throws and decorative home accessories decreased $26.9 million to $71.3 million. Infant and juvenile product sales...
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