CULP Posts Narrower-Than-Expected Q4 Loss, Lags Sales Estimates

Inside the Numbers In the fiscal fourth quarter, the company incurred an adjusted loss of 39 cents per share, narrower than the Zacks Consensus Estimate of a loss of 44 cents per share. It had reported an adjusted loss of 38 cents per share in the prior-year quarter. Net sales of $49.5 million marginally missed the consensus estimate of $49.8 million by 0.5% and declined 19.4% from the year-ago quarter's figure. Culp, Inc. Price, Consensus and EPS Surprise Culp, Inc. price-consensus-eps-surprise-chart | Cul ...