Culp, Inc. (CULP) Misses Q2 EPS by 42c

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Go back to Culp, Inc. (CULP) Misses Q2 EPS by 42c

Culp Announces Results for First Quarter Fiscal 2023

August 31, 2022 4:16 PM EDT

HIGH POINT, N.C.--(BUSINESS WIRE)-- 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... More