Culp, Inc. (CULP) Tops Q3 EPS by 2c

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Go back to Culp, Inc. (CULP) Tops Q3 EPS by 2c

Culp Announces Results for Third Quarter Fiscal 2019

February 27, 2019 4:15 PM EST

HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CULP) today reported financial and operating resultsfor the third quarter and nine months ended January 27, 2019.

Fiscal 2019 Third Quarter Highlights

Net sales were $77.2 million, down 9.5 percent over the prior year period, with mattress fabrics segment sales down 27.1 percent and upholstery fabrics segment sales up 2.3 percent. Net sales for the companys new business segment, Culp Home Accessories, were $4.4 million, with no comparable prior-year sales. Culp Home Accessories includes eLuxury, Culps e-commerce and finished products business... More