Culp Inc. has reported its financial results for the fiscal year ending April 27, 2025. The company experienced a 5.4% decrease in net sales, totaling $213.2 million compared to $225.3 million in the previous fiscal year. The gross profit also declined by 10.3%, reaching $25.1 million, down from $27.9 million. The gross profit margin fell by 60 basis points to 11.8%. The company reported a loss from operations of $18.4 million, a significant increase of 62.5% from the previous year's loss of $11.3 million. The operating margin also declined, registering at -8.6%, a drop of 360 basis points from the prior period. Culp Inc. highlighted a notable restructuring expense of $7.7 million, a significant rise from $636,000 in the previous year. Additionally, the loss before income taxes widened by 73.7% to $18.7 million, compared with $10.8 million in the prior year. The company has faced challenges due to increased inventory purchases and extended payment terms from significant vendors during fiscal 2025. There was an increase in accounts payable, affecting liquidity and capital resources. Despite these challenges, selling, general, and administrative expenses decreased by 7.5%, amounting to $35.7 million from the previous year's $38.6 million. The company is dealing with the impact of global shipping disruptions and tariff-related costs, which have influenced its financial performance. No specific outlook or guidance for future periods was provided in the report.