Crown Crafts shares surge 12.93% premarket after Q2 net income rises to $0.11/share and cost-cutting measures.

Crown Crafts surged 12.93% in premarket trading following its Q2 2026 earnings report, which highlighted a 13% year-over-year increase in net income to $1.2 million ($0.11 per share) despite a 3% decline in net sales to $23.7 million. The company attributed the profit growth to cost reductions in marketing and administrative expenses (down 19.9% of sales from 22.3%) and operational consolidation efforts to eliminate redundancies. CEO Olivia Elliott emphasized resilience amid tariff pressures and supply chain challenges, while a $0.08 per share dividend and plans for international expansion further bolstered investor optimism. The premarket rally reflected confidence in the company’s strategic cost management and earnings resilience despite a challenging macroeconomic backdrop.