Culp, Inc. (CULP) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.36%. A quarter ago, it was expected that this company would post a loss of $0.16 per share when it actually produced a loss of $0.26, delivering a surprise of -62.50%. Over the last four quarters, the company has surpassed ...

Culp, Inc. (CULP) is scheduled to report fourth-quarter fiscal 2024 results on Jun 27, after market close. CULP's earnings topped the consensus mark in three of the trailing four quarters and missed once, with an average being negative 2.6%. For the quarter to be reported, the Zacks Consensus Estimate for loss per share widened to 44 cents from 40 cents in the past 60 days. The estimated figure indicates a deterioration of 15.8% from the year-ago quarter's level of 38 cents. Key Factors to Note Also, the in ...

North Carolina 1-12597 56-1001967 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) FORM 8-K Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 29, 2024 1823 Eastchester Drive High Point, North Carolina 27265 (Address of Principal Executive Offices) (Zip Code) (Former Name or Former Address, if Changed Since Last Report) ☐ Written communications pursuant to Rule 425 under the S ...

In the face of these various ongoing macroeconomic headwinds, our attention is on managing the aspects of our business we can control, with the uncertainty of consumer demand in the near term, we are also evaluating strategic actions to adjust and right size our global platform to align with the current demand levels. While of course still supporting our value customers. Second, specifically in Mattress Fabrics, we are finding some growth opportunities in fabric accessory products, and cutting sewn covers t ...

Culp, Inc. (CULP) reported mixed third-quarter fiscal 2024 (ended Jan 28) results, with earnings missing the Zacks Consensus Estimate and net sales surpassing the same. On a year-over-year basis, net sales increased and the adjusted loss improved.Despite the ongoing demand softness, the company benefited from strong contributions from both of its core business segments. Improved pricing and margin also contributed to the positive.CULP plans to enhance its mattress fabrics segment to boost sales and improve ...

Culp, Inc. (CULP) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -62.50%. A quarter ago, it was expected that this company would post a loss of $0.20 per share when it actually produced a loss of $0.19, delivering a surprise of 5%.Over the last four quarters, the company has surpassed consen ...

HIGH POINT, N.C.--(BUSINESS WIRE)--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 20 ...

Culp, Inc. (CULP) is scheduled to report third-quarter fiscal 2024 results on Mar 6, after market close.In the last reported quarter, the company’s earnings and net sales topped the Zacks Consensus Estimate by 5% and 1.6%, respectively. The metrics increased 80.4% and 0.6% year over year, respectively.CULP’s earnings topped the consensus mark in all of the trailing four quarters, the positive surprise being 15%, on average.The Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Est ...

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

Dru Anderson - Investor Relations Boyd Chumbley - President of Upholstery Fabrics Budd Bugatch - Water Tower Research Good day. And welcome to the Culp, Inc. Second Quarter Fiscal 2024 Earnings Conference Call [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Dru Anderson. Please go ahead. At this time, I will now turn the call over to Iv Culp, President and Chief Executive Officer of Culp. Please go ahead, Iv. First, we are pleased to report ...