Culp, Inc. (CULP) Misses Q1 EPS by 4c, Revenues Beat
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Culp Announces Results for First Quarter Fiscal 2020
September 5, 2019 4:15 PM EDTHIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CULP) today reported financial and operating results for the first quarter ended August 4, 2019. This first quarter of fiscal 2020 included 14 weeks compared with 13 weeks for the first quarter of fiscal 2019.
Fiscal 2020 First Quarter Highlights
Net sales were $74.8 million, up 4.7 percent over the prior year, with mattress fabrics sales up 12.5 percent and upholstery fabrics sales down 7.6 percent. Net sales for home accessories were $4.3 million, with no full period of comparable prior-year sales as a result of the June 22, 2018, investment in... More