Culp Inc. Reports Q1 Fiscal 2026 Results: Net Sales Down to $50.7M, Net Loss of $(231)K, EPS of $(.02)
Reuters
Sep 11
Culp Inc. Reports Q1 Fiscal 2026 Results: Net Sales Down to $50.7M, Net Loss of <a href="https://laohu8.com/S/231">$(231)$</a>K(TKKD.SI)$, EPS of $(.02)
Culp, Inc. has released its first quarter fiscal 2026 financial results, reporting consolidated net sales of $50.7 million, a decrease from the prior-year period's net sales of $56.5 million. The company recorded a net loss of $231 thousand, compared to a net loss of $7.3 million in the same period last year. Adjusted EBITDA was negative $1.1 million, an improvement from negative $2.7 million in the prior-year period. The company is focusing on returning to profitability and reducing its net debt position, despite a continued low-demand environment in the home furnishings industry and tariff-related challenges. Culp anticipates sequential sales growth throughout the year, expecting EBITDA results to range from near breakeven to slightly positive in the second quarter of fiscal 2026. The company will continue to manage liquidity and capital expenditures while prioritizing free cash flow.
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