Culp, Inc. (CULP) Misses Q2 EPS by 13c, Revenues Miss
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Culp Announces Results for Third Quarter Fiscal 2020
March 4, 2020 4:15 PM ESTHIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CULP) today reported financial and operating results for the third quarter ended February 2, 2020.
Fiscal 2020 Third Quarter Highlights
Net sales were $72.0 million, down 6.8 percent over the prior year, with mattress fabrics sales down 7.4 percent, upholstery fabrics sales down 5.7 percent, and home accessories sales down 11.0 percent. Pre-tax loss (GAAP) for the third quarter of fiscal 2020 was $5.1 million, compared with pre-tax income of $4.3 million for the prior-year period. Pre-tax... More