Culp Announces Results for Fourth Quarter and Fiscal 2019
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Culp, Inc. (CULP) Misses Q4 EPS by 21c, Revenues Beat
June 12, 2019 4:21 PM EDTCulp, Inc. (NYSE: CULP) reported Q4 EPS of ($0.11), $0.21 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $71 million versus the consensus estimate of $70.29 million.
Fiscal 2019 Fourth Quarter Highlights
Net sales were $71.0 million, down 9.2 percent over the prior-year period, with mattress fabric sales down 18.9 percent and upholstery fabric sales down 8.3 percent compared with the fourth quarter last year. Net sales for home accessories were $4.2 million, with no comparable prior-year sales.Pre-tax income was $1.5 million, compared with $6.5 million in the fourth quarter of fiscal 2018. Excluding a non-recurring charge of $500,000,... More