CULP earnings

Completion of Comprehensive Integration and Restructuring Initiatives Lays Foundation for Profitable Growth Balanced Global Platform Enhances Competitive Position in Fluid Tariff Environment Culp, Inc. (NASDAQ:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture and other applications, today reported financial and operating results for its third fiscal quarter ended February 1, 2026. Iv Culp, President and Chief Executive Officer, commented, "Market softness remains the headline across the home furnishings industry, and the impacts of that dynamic were evident in our results for the quarter. We're confident that

Culp, Inc. (NASDAQ:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2026 conference call on Thursday, March 12, 2026, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended February 1, 2026. A press release announcing these results will be issued after the close of market trading on Wednesday, March 11, 2026. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, March 12, 2026, beginning at 9:00 a.m. ET. An online replay of the

Company Continues to Optimize Global Platform and Enhance Cost Structure Restructured Bedding Business Poised for Continued Improvement as Market Conditions Stabilize Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture and other applications, today reported financial and operating results for its second fiscal quarter ended November 2, 2025. Fiscal 2026 Second Quarter Financial Highlights Consolidated net sales of $53.2 million, a sequential improvement from first quarter net sales of $50.7 million (which included an extra week) and decline from prior-year period net sales of $55.7 million, with

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2026 conference call on Thursday, December 11, 2025, at 9:00 a.m. ET. During this call, Culp will review its financial and operating results for the second quarter ended November 2, 2025. A press release announcing these results will be issued after the close of market trading on Wednesday, December 10, 2025. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, December 11, 2025, beginning at 9:00 a.m. ET. An online replay of the ca

Streamlined Platform Continues to Drive Improvement in Operating Results Additional Cost and Efficiency Benefits Expected from Division Integration in Fiscal 2026 Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture and other applications, today reported financial and operating results for its first fiscal quarter ended August 3, 2025. Fiscal 2026 First Quarter Financial Highlights Continued market softness and a tariff-driven pause in residential upholstery shipments from China drove consolidated net sales of $50.7 million during the quarter, which included an extra week, compared to prior-y

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2026 conference call on Thursday, September 11, 2025, at 9:00 a.m. ET. During this call, Culp will review its financial and operating results for the first quarter ended August 3, 2025. A press release announcing these results will be issued after the close of market trading on Wednesday, September 10, 2025. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, September 11, 2025, beginning at 9:00 a.m. ET. An online replay of the ca

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2025 conference call on Thursday, June 26, 2025, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the fourth quarter and fiscal year ended April 27, 2025. A press release announcing these results will be issued after the close of market trading on Wednesday, June 25, 2025. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, June 26, 2025, beginning at 9:00 a.m. ET. An online

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP" or the "company") today reported financial and operating results for the third quarter ended January 26, 2025. Fiscal 2025 Third Quarter Financial Highlights Consolidated net sales of $52.3 million - Down 6.1 percent compared sequentially to last quarter, with mattress fabrics sales down 4.8 percent and upholstery fabrics sales down 7.8 percent Continued improvement in mattress fabrics operating performance, with a 58.3 percent sequential reduction in operating loss on lower sales (following a 70.7 percent sequential reduction last quarter) Continued profitability in upholstery fabrics segment in extremely

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2025 conference call on Thursday, March 6, 2025, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 26, 2025. A press release announcing these results will be issued after the close of market trading on Wednesday, March 5, 2025. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, March 6, 2025, beginning at 9:00 a.m. ET. An online replay of the call

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the second quarter ended October 27, 2024. Fiscal 2025 Second Quarter Financial Highlights Consolidated net sales of $55.7 million mattress fabrics segment sales up 7.1 percent sequentially 70.7 percent sequential reduction in mattress fabrics operating loss as restructuring progresses; upholstery fabrics segment continues to be profitable in challenging industry environment GAAP consolidated loss from operations of $(5.4) million (includes $2.8 million in restructuring expense and related charges) Non-GAAP loss from operations of $(2.6) million (

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2025 conference call on Thursday, December 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 27, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, December 4, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, December 5, 2024, beginning at 9:00 a.m. ET. An online replay o

Provides Update on Restructuring and Improved Financial Outlook Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the first quarter ended July 28, 2024. Fiscal 2025 First Quarter Financial Highlights Consolidated net sales of $56.5 million - up 14.2% compared sequentially to last quarter - sequentially, upholstery fabrics segment sales up 19.7% and inventory down 4.6%, mattress fabrics segment sales up 9.0% and inventory down 8.6% Year-over-year and sequential operating improvement in upholstery fabrics segment - segment operating income of $1.7 million, up 28.9% year-over-year and 75.6% sequentially -

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2025 conference call on Thursday, September 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 28, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, September 4, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, September 5, 2024, beginning at 9:00 a.m. ET. An online replay of

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. Fiscal 2024 Fourth Quarter Financial Summary Net sales for the fourth quarter of fiscal 2024 were $49.5 million, down 19.4 percent compared with the prior-year period, with mattress fabrics sales down 16.1 percent, and upholstery fabrics sales down 22.6 percent. Loss from operations was $(4.2) million (which included $204,000 in restructuring expense during the period), compared with a loss from operations of $(4.0) million for the prior-year period (which included $70,000 in restructuring expense dur

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2024 conference call on Friday, June 28, 2024, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. A press release announcing these results will be issued after the close of market trading on Thursday, June 27, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Friday, June 28, 2024, beginning at 11:00 a.m. ET. An online re

  Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the third quarter ended January 28, 2024. Fiscal 2024 Third Quarter Financial Summary Net sales for the third quarter of fiscal 2024 were $60.4 million, up 15.0 percent compared with the prior-year period, with mattress fabrics sales up 21.6 percent, and upholstery fabrics sales up 9.2 percent. Gross margin for the third quarter of fiscal 2024 was 12.7%, compared with 4.0% for the third quarter of fiscal 2023. Loss from operations was $(1.7) million (which included $111,000 in restructuring and related credits during the period), compared with a loss

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2024 conference call on Thursday, March 7, 2024, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 28, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, March 6, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, March 7, 2024, beginning at 11:00 a.m. ET. An online replay of the cal

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the second quarter ended October 29, 2023. Fiscal 2024 Second Quarter Financial Summary Net sales for the second quarter of fiscal 2024 were $58.7 million, up 0.6 percent compared with the prior-year period, with mattress fabrics sales up 19.6 percent, and upholstery fabrics sales down 14.9 percent. Loss from operations was $(2.2) million, compared with a loss from operations of $(11.9) million for the prior-year period (which included $6.7 million relating to certain inventory impairment and other charges and restructuring and related expenses during the p

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2024 conference call on Tuesday, December 5, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 29, 2023. A press release announcing these results will be issued after the close of market trading on Monday, December 4, 2023. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Tuesday, December 5, 2023, beginning at 11:00 a.m. ET. An online replay of t

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the first quarter ended July 30, 2023. Fiscal 2024 First Quarter Financial Summary Net sales for the first quarter of fiscal 2024 were $56.7 million, down 9.5 percent compared with the prior-year period, with mattress fabrics sales flat, down 0.5 percent (a solid performance in the face of industry softness), and upholstery fabrics sales down 17.4 percent compared to a strong quarter the prior year (fueled by a lift in sales following pandemic-related shutdowns in China). Loss from operations was $(3.1) million, which included $517,000 in mostly non-cash re

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2024 conference call on Thursday, August 31, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 30, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, August 30, 2023. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, August 31, 2023, beginning at 11:00 a.m. ET. An online replay of the

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the fourth quarter and fiscal year ended April 30, 2023. Fiscal 2023 Fourth Quarter Financial Summary Net sales for the fourth quarter of fiscal 2023 were $61.4 million, up 7.9 percent compared with the prior-year period, with mattress fabrics sales up 3.1 percent and upholstery fabrics sales up 13.1 percent. Sequentially, net sales were up 17.0 percent compared with the third quarter of fiscal 2023, with mattress fabrics sales up 24.3 percent and upholstery fabrics sales up 10.4 percent. Loss from operations for the quarter was $(4.0) million, as compared

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2023 conference call on Thursday, June 29, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the fourth quarter and fiscal year ended April 30, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, June 28, 2023. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, June 29, 2023, beginning at 11:00 a.m. ET. An onlin

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the third quarter ended January 29, 2023. Fiscal 2023 Third Quarter Financial Summary Net sales were $52.5 million, down 34.6 percent compared with the prior-year period, with mattress fabrics sales down 35.8 percent and upholstery fabrics sales down 33.5 percent compared with the third quarter of last year. Loss from operations was $(7.8) million, in line with expectations, as compared with income from operations of $1.1 million for the prior-year period. The loss from operations for the third quarter of fiscal 2023 includes $711,000 in restructuring expens

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2023 conference call on Thursday, March 2, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 29, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, March 1, 2023. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, March 2, 2023, beginning at 11:00 a.m. ET. An online replay of the call

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the second quarter ended October 30, 2022. Fiscal 2023 Second Quarter Financial Summary Net sales were $58.4 million, down 21.7 percent compared with the prior-year period, with mattress fabrics sales down 35.8 percent and upholstery fabrics sales down 4.5 percent compared with the second quarter of last year. Loss from operations was $(11.9) million, as compared with income from operations of $1.6 million for the prior-year period and as compared sequentially with a loss from operations of $(4.7) million for the first quarter of fiscal 2023. The loss from o

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2023 conference call on Thursday, December 8, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 30, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, December 7, 2022. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, December 8, 2022, beginning at 11:00 a.m. ET. An online replay

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the first quarter ended July 31, 2022. Fiscal 2023 First Quarter Financial Summary Net sales were $62.6 million, down 24.6 percent compared to the prior-year period, with mattress fabrics sales down 31.8 percent and upholstery fabrics sales down 16.9 percent compared with the first quarter of last year. Loss from operations was $(4.7) million, as compared with income from operations of $3.3 million for the prior-year period and as compared sequentially to a loss from operations of $(5.4) million for the fourth quarter of fiscal 2022. Net loss was $(5.7) mill

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2023 conference call on Thursday, September 1, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 31, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, August 31, 2022. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, September 1, 2022, beginning at 11:00 a.m. ET. An online replay of t

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the fourth quarter and fiscal year ended May 1, 2022. The company also announced it has completed the closing of a new three-year secured credit facility with up to $40 million in borrowing availability. This new credit facility replaces the company's prior $30 million unsecured facility, which was scheduled to expire in August 2022. In addition, the company has suspended the quarterly cash dividend on its common stock and taken other measures to preserve strong liquidity and support CULP's future growth opportunities in the face of macro-economic headwinds. Fisca

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2022 conference call on Thursday, June 30, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the fourth quarter and fiscal year ended May 1, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, June 29, 2022. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, June 30, 2022, beginning at 11:00 a.m. ET. An online r

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the third quarter ended January 30, 2022. Fiscal 2022 Third Quarter Financial Summary Net sales were $80.3 million, up 1.2 percent over the prior-year period, with mattress fabrics sales down 0.4 percent and upholstery fabrics sales up 2.7 percent compared with the third quarter of last year. Income from operations (operating income) was near expectations at $1.1 million, as compared with income from operations of $4.0 million for the prior-year period. Net loss was $(289,000), or $(0.02) per diluted share, compared with net income of $2.1 million, or $0.17

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2022 conference call on Thursday, March 3, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 30, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, March 2, 2022. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, March 3, 2022, beginning at 11:00 a.m. ET. An online replay of the call

Board of Directors Authorizes Five Percent Increase in Quarterly Cash Dividend Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the second quarter ended October 31, 2021. Fiscal 2022 Second Quarter Financial Summary Net sales were $74.6 million, down 3.0 percent over the prior-year period, with mattress fabrics sales up 2.1 percent and upholstery fabrics sales down 8.5 percent compared with the second quarter of last year. Income from operations (operating income) was $1.6 million, compared with income from operations of $4.5 million for the prior-year period. Net income was $851,000, or $0.07 per diluted

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2022 conference call on Thursday, December 2, 2021, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 31, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, December 1, 2021. The live webcast of Culp's conference call will be available online at www.culp.com on Thursday, December 2, 2021, beginning at 11:00 a.m. ET. An internet replay of the call will be available for 30 days using the same link. Culp, Inc. is one

Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the first quarter ended August 1, 2021. Fiscal 2022 First Quarter Financial Summary Net sales were $83.0 million, up 28.8 percent over the pandemic-impacted prior-year period, with mattress fabrics sales up 19.3 percent and upholstery fabrics sales up 41.0 percent compared with the first quarter of last year. Income from operations (operating income) was $3.3 million, up 76.2 percent compared with income from operations of $1.9 million for the prior-year period. Net income was $2.3 million, or $0.18 per diluted share, compared with a net loss of $(2.7) milli

Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2022 conference call on Thursday, September 2, 2021, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended August 1, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, September 1, 2021. The live webcast of Culp's conference call will be available online at www.culp.com on Thursday, September 2, 2021, beginning at 11:00 a.m. ET. To listen to the live webcast, please visit the website at least 15 minutes early to download and inst