CULP INC
For the period ended Jun 25, 2025. Filed Jun 25, 2025.
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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.
Jun 25, 2025 · Filed Jun 25, 2025
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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) | |||||||||
| April 27, · April 28, · % Over · April 27, · April 28, | ||||||||||
| 2025 · 2024 · (Under) · 2025 · 2024 | ||||||||||
| Net sales | $48,773 | $49,528 | (1.5)% | 100.0% | 100.0% | |||||
| Cost of sales (1) | (41,120) | (44,327) | (7.2)% | 84.3% | 89.5% | |||||
| Gross profit | 7,653 | 5,201 | 47.1% | 15.7% | 10.5% | |||||
| Selling, general and administrative expenses | (8,470) | (9,245) | (8.4)% | 17.4% | 18.7% | |||||
| Restructuring expense (2) | (1,422) | (204) | N.M | 2.9% | 0.4% | |||||
| Loss from operations | (2,239) | (4,248) | (47.3)% | (4.6)% | (8.6)% | |||||
| Interest expense | (110) | (11) | N.M. | 0.2% | 0.0% | |||||
| Interest income | 154 | 263 | (41.4)% | 0.3% | 0.5% | |||||
| Other expense | (121) | (64) | 89.1% | (0.2)% | (0.1)% | |||||
| Loss before income taxes | (2,316) | (4,060) | (43.0)% | (4.7)% | (8.2)% | |||||
| Income tax benefit (expense) (3) | 243 | (805) | (130.2)% | 10.5% | (19.8)% | |||||
| Net loss | $(2,073) | $(4,865) | (57.4)% | (4.3)% | (9.8)% | |||||
| Net loss per share - basic | $(0.17) | $(0.39) | (56.4)% | |||||||
| Net loss per share - diluted | $(0.17) | $(0.39) | (56.4)% | |||||||
| Average shares outstanding-basic | 12,559 | 12,470 | 0.7% | |||||||
| Average shares outstanding-diluted | 12,559 | 12,470 | 0.7% | |||||||
Notes
(1) See page 16 for a Reconciliation of Selected Income Statement Information to Adjusted Results for the three months ending April 27, 2025, and April 28, 2024.
(2) See page 18 for a Summary of Restructuring Expense for the three months ending April 27, 2025, and April 28, 2024.
(3) Percent of sales column for income tax benefit (expense) is calculated as a percent of loss before income taxes.
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