Crown Crafts Targets April or May 2028 for Warehouse Consolidation

Crown Crafts aims to consolidate its warehouses around April or May 2028, before both warehouse leases expire, as the infant and juvenile products maker reported a 19.7% annual sales decline in its latest quarter.

President and CEO Olivia Elliott gave the target during the company’s Nov. 12 earnings call. “The end goal is sometime around April to May of 2028, which is ahead of when both of the warehouse leases expire,” Elliott said.

Elliott said work on a possible location and build-out needs to begin about 18 months before the target window. She described the timing as an end goal. Crown Crafts had characterized warehouse consolidation as a longer-term initiative in August; Elliott’s latest remarks put an approximate completion window on the plan.

Net sales were $19.028 million for the three months ended Sept. 27, 2026, compared with $23.695 million for the same period a year earlier. Gross margin increased to 32.0% from 27.7%.

Adjusted gross margin was 30.9%, up 320 basis points year over year. That measure excludes a $449,000 tariff refund and $236,000 severance expense recorded in cost of products sold during the quarter.

The company is also developing additional higher-margin products and sales channels. Crown Crafts designs, markets and distributes products for infants, toddlers and juveniles, including bedding, diaper bags, bibs and toys.

Elliott said a public announcement might come alongside Crown Crafts’ year-end results in June, but she did not commit to one.