Culp reports first-quarter fiscal 2027 results
Culp Inc reported first-quarter fiscal 2027 revenue of $53.97 million and net income of $5.98 million, returning to profitability from a loss in the year-ago quarter.
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Culp reports Q1 2027 results
Culp said first-quarter bedding sales rose 13% despite one fewer selling week and difficult industry conditions. The company also said gross profit improved nearly 17% and it recognized about $7 million in tariff recoveries.
Culp reports Q1 fiscal 2027 sales of $54.0M and net income of $6.0M
Culp reported consolidated net sales of $54.0 million for Q1 fiscal 2027, up 6.5% year-over-year. Net income was $6.0 million, or $0.47 per diluted share, with gross profit of $15.4 million.