Crown Crafts, the Gonzales-based producer and marketer of infant and baby items, says its profits for the current fiscal year should be 23% higher than those of fiscal 2010. The company says it expects to post net income of 64 cents a share for the fiscal year ending April 3, 2011, compared with 52 cents a share in fiscal 2010. Crown Crafts also says it expects net sales to increase to $95 million for the current fiscal year, a 10% increase over the $86.1 million it brought in during 2010. The company says it projects ongoing growth through new placements with key retailers and the incorporation of recent acquisitions, such as Neat Solutions, which makes disposable placemats, bibs, and changing-table pads.
Crown Crafts forecasts higher profits, revenues
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