Overview
Fabric provider's fiscal Q2 revenue declined yr/yr
Company's restructuring improved gross profit and reduced operating loss
Bedding segment sales grew both sequentially and yr/yr
Outlook
Company expects steady sales performance for fiscal 2026, especially in bedding segment
Company anticipates near break-even to positive adjusted EBITDA for third quarter
Company to aggressively manage liquidity and capital expenditures in fiscal 2026
Result Drivers
RESTRUCTURING IMPACT - Culp's restructuring initiatives in the bedding segment led to improved gross profit margins and sales growth both sequentially and year-over-year
TARIFF CHALLENGES - Tariff pressures and a weak housing market negatively impacted upholstery segment sales, which declined year-over-year
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | $53.20 mln | $54.30 mln (1 Analyst) |
Q2 EPS | -$0.34 | ||
Q2 Net Income | -$4.31 mln | ||
Q2 Basic EPS | -$0.34 | ||
Q2 Gross Profit | $5.78 mln | ||
Q2 Operating Income | -$3.46 mln |
Press Release: ID:nBw3YpTkla
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)