Culp Announces Results for Second Quarter Fiscal 2019

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Go back to Culp Announces Results for Second Quarter Fiscal 2019

Culp, Inc. (CULP) Tops Q2 EPS by 2c, Revenues Beat

November 29, 2018 4:20 PM EST

Culp, Inc. (NYSE: CULP) reported Q2 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $77 million versus the consensus estimate of $76.32 million.

Financial Outlook

Commenting on the outlook for the third quarter of fiscal 2019, Bowling remarked, We expect overall sales to be down approximately seven percent compared with the third quarter of last year.

We expect sales, operating income and margins in our mattress fabrics segment to show sequential improvement over the second quarter, but to be significantly... More