Crown Crafts, the Gonzales-based designer and distributor of infant and baby products, reported a $17.1 million loss for fiscal 2009, due to a goodwill impairment charge. If the company hadn’t written off $22.9 million because of a decline in market capitalization, it would have had $5.8 million in net revenue for the year ending March 29. Crown Crafts says its net sales were up for the year, from $74.9 million in fiscal 2008 to $87.4 million in 2009.
Crown Crafts reports annual loss
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
