Crown Craft earnings beat analysts’ expectations

Baby products maker Crown Crafts Inc. reported earnings increased to $1.8 million, or 18 cents per share, compared to $1.6 million, or 16 cents per share, for the three months ended Dec. 29.

The Gonzales-based company increased sales to $20.6 million, compared to $20.1 million during the third quarter of its fiscal year.

Crown’s earnings beat the forecasts of Wall Street analysts, who expected earnings of 17 cents per share, according to a survey by Thomson Reuters.

Crown Crafts improved its year-over-year sales and profit despite the challenging retail environment, Chairman, President and Chief Executive Officer E. Randall Chestnut said.