CULP INC
For the period ended Mar 5, 2025. Filed Mar 5, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Mar 5, 2025 · Filed Mar 5, 2025
Contents
EX-99.1 · (Amounts in Thousands, Except for Per Share Data)
(Amounts in Thousands, Except for Per Share Data)
| THREE MONTHS ENDED | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Amount · Percent of Sales | ||||||||||
| (1) | (1) | |||||||||
| January 26, · January 28, · % Over · January 26, · January 28, | ||||||||||
| 2025 · 2024 · (Under) · 2025 · 2024 | ||||||||||
| Net sales | $52,253 | $60,418 | (13.5)% | 100.0% | 100.0% | |||||
| Cost of sales (1) | (45,906) | (52,715) | (12.9)% | 87.9% | 87.3% | |||||
| Gross profit | 6,347 | 7,703 | (17.6)% | 12.1% | 12.7% | |||||
| Selling, general and administrative expenses | (8,579) | (9,493) | (9.6)% | 16.4% | 15.7% | |||||
| Restructuring (expense) credit (2) | (1,655) | 50 | N.M | 3.2% | (0.1)% | |||||
| Loss from operations | (3,887) | (1,740) | 123.4% | (7.4)% | (2.9)% | |||||
| Interest expense | (63) | — | 100.0% | 0.1% | — | |||||
| Interest income | 255 | 284 | (10.2)% | 0.5% | 0.5% | |||||
| Other income (expense) | 15 | (705) | (102.1)% | 0.0% | (1.2)% | |||||
| Loss before income taxes | (3,680) | (2,161) | 70.3% | (7.0)% | (3.6)% | |||||
| Income tax expense (3) | (446) | (1,027) | (56.6)% | (12.1)% | (47.5)% | |||||
| Net loss | $(4,126) | $(3,188) | 29.4% | (7.9)% | (5.3)% | |||||
| Net loss per share - basic | $(0.33) | $(0.26) | 26.9% | |||||||
| Net loss per share - diluted | $(0.33) | $(0.26) | 26.9% | |||||||
| Average shares outstanding-basic | 12,559 | 12,470 | 0.7% | |||||||
| Average shares outstanding-diluted | 12,559 | 12,470 | 0.7% | |||||||
Notes
(1) See page 15 for a Reconciliation of Selected Income Statement Information to Adjusted Results for the three months ending January 26, 2025, and January 28, 2024.
(2) See page 17 for a Summary of Restructuring Expense (Credit) for the three months ending January 26, 2025, and January 28, 2024.
(3) Percent of sales column for income tax expense is calculated as a percent of loss before income taxes.
-MORE-
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.