Exhibit 99.4

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

On March 17, 2023 (the “Closing Date”), Crown Crafts, Inc. (the “Company”) completed the acquisition of Manhattan Group, LLC (“Manhattan Group”) (the “Acquisition”), and its wholly-owned subsidiary Manhattan Toy Europe Limited, pursuant to the Equity Purchase Agreement, dated as of such date, between the Company and H Enterprises International, LLC (“Seller”), whereby the Company purchased all of the issued and outstanding membership interests of Manhattan Group from Seller (the “Purchase Agreement”). The purchase price for the Acquisition was $17.0 million in cash, on a cash-free, debt-free basis, subject to adjustment to the extent that actual net working capital as of the Closing Date differs from target net working capital of $13.75 million. The Acquisition was funded with available cash and borrowings under the Company’s line of credit with The CIT Group/Commercial Services.

The Acquisition will be accounted for under the acquisition method of accounting for business combinations under the provisions of Financial Accounting Standards Board Accounting Standards Codification Topic 805, Business Combinations, with the Company being the accounting acquirer under this guidance. The accompanying unaudited pro forma condensed combined financial statements, and the related notes thereto, were prepared in accordance with Article 11 of Regulation S-X, as amended by SEC Final Rule Release No. 33-10786, Amendments to Financial Disclosures About Acquired and Disposed Businesses, and are presented to illustrate the estimated effects of the Acquisition and the issuance of debt used to fund the Acquisition.

The accompanying unaudited pro forma condensed combined balance sheet combines the Company’s historical consolidated balance sheet as of January 1, 2023 with Manhattan Group’s historical consolidated balance sheet as of December 31, 2022, giving effect to the Acquisition as if it was completed on January 1, 2023.

The accompanying unaudited pro forma condensed combined statement of income for the year ended April 3, 2022 (“Fiscal 2022”) combines the Company’s historical consolidated statement of income for its Fiscal 2022 with Manhattan Group’s consolidated statement of income for its fiscal year ended December 31, 2021. The accompanying unaudited pro forma condensed combined statement of income for the nine-month period ended January 1, 2023 combines the Company’s historical consolidated statement of income for the nine-month period ended January 1, 2023 with Manhattan Group’s consolidated statement of income for the nine-month period ended December 31, 2022. The accompanying unaudited pro forma condensed combined statements of income give effect to the Acquisition as if it was completed on March 29, 2021.

The estimated purchase price of the Acquisition will be allocated to the assets acquired and liabilities assumed based upon their estimated fair values as of the Closing Date. Any excess value of the estimated consideration transferred over the net assets acquired will be recognized as goodwill. The Company has made a preliminary allocation of the purchase price to the assets acquired and liabilities assumed based on management’s preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed using information currently available. The finalization of the Company’s purchase accounting assessment may result in changes to the valuation of assets acquired and liabilities assumed, which could have a material impact on the presentation of the accompanying unaudited pro forma condensed combined financial statements.

The unaudited pro forma condensed combined financial statements, and the related notes thereto, should be read in conjunction with the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended April 3, 2022, and Manhattan Group’s audited consolidated financial statements as of December 31, 2022, and for the year then ended, which are included in this Amendment No. 1 to Current Report on Form 8-K/A. Assumptions underlying the pro forma adjustments are described in the accompanying notes, which should be read in conjunction with the accompanying unaudited pro forma condensed combined financial statements.

The accompanying unaudited pro forma condensed combined financial statements are based upon available information and certain assumptions that the management of the Company believes are reasonable under the circumstances. The accompanying unaudited pro forma condensed combined financial statements, and the related notes thereto, are presented for illustrative purposes only, and do not purport to represent what the actual consolidated combined balance sheet or statement of income would have been had the Acquisition occurred on the dates indicated, nor are they necessarily indicative of the combined company’s future results of operations or financial position. Additionally, the unaudited pro forma condensed combined financial statements do not reflect the costs of any integration activities or benefits that may result from the realization of future cost savings from operating efficiencies, or any revenue, tax, or other synergies that may result from the Acquisition.

The Company and Manhattan Group have different year end dates for their fiscal periods. Since the most recent audited financial statements of the Company were not older than fifteen months as of the time that the Current Report on Form 8-K reporting the Acquisition was initially filed on March 20, 2023, Manhattan Group’s consolidated financial statements as of December 31, 2021, and for the year then ended, were combined with the Company’s audited consolidated financial statements as of April 3, 2022, and for the year then ended, without reflecting an adjustment to align those different fiscal year ends.

CROWN CRAFTS, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

The cash paid on the Closing Date was calculated as follows (in thousands):

The table below represents the preliminary purchase price allocation for Manhattan Group based on estimates, assumptions, valuations and other analyses as of the Closing Date, that have not been finalized in order to make a definitive allocation. Accordingly, the pro forma adjustments to allocate the purchase price will remain preliminary until management finalizes the fair values of assets acquired and liabilities assumed. The final amounts allocated to assets acquired and liabilities assumed, and therefore, calculation of goodwill, are dependent upon certain valuation and other studies that have not yet been completed and could differ materially from the amounts presented in the accompanying unaudited pro forma condensed combined financial statements.

The preliminary purchase price as shown in the table above is allocated to the tangible and intangible assets and liabilities of Manhattan Group based on their estimated fair values, with any excess purchase consideration allocated to goodwill as follows (in thousands):

For purposes of the unaudited proforma condensed combined balance sheet, the Acquisition is assumed to have been completed on January 1, 2023. Since the purchase price was determined based on cash balances and working capital on the Closing Date, the transaction adjustments include adjustments to record cash and working capital consistent with the balances on the Closing Date.

Financing adjustments: The Acquisition was funded with available cash and borrowings under the Company’s line of credit with The CIT Group/Commercial Services. For purposes of the proforma condensed combined balance sheet, the Company is assumed to have used $3.5 million in cash and borrowed $13.9 million under the line of credit.