CULP INC
For the period ended Jun 25, 2025. Filed Jun 25, 2025.
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Jun 25, 2025 · Filed Jun 25, 2025
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Contents
EX-99.1 · STATEMENTS OF OPERATIONS BY SEGMENT
STATEMENTS OF OPERATIONS BY SEGMENT
| THREE MONTHS ENDED | ||||||||
|---|---|---|---|---|---|---|---|---|
| Amounts · Percent of Total Sales | ||||||||
| April 27, · April 28, · % Over · April 27, · April 28, | ||||||||
| Net Sales by Segment · 2025 · 2024 · (Under) · 2025 · 2024 | ||||||||
| Mattress Fabrics | $27,114 | $25,750 | 5.3% | 55.6% | 52.0% | |||
| Upholstery Fabrics | 21,659 | 23,778 | (8.9)% | 44.4% | 48.0% | |||
| Net Sales | $48,773 | $49,528 | (1.5)% | 100.0% | 100.0% | |||
| Gross Profit by Segment | Gross Margin | |||||||
| Mattress Fabrics | $3,075 | $292 | N.M. | 11.3% | 1.1% | |||
| Upholstery Fabrics | 4,691 | 4,909 | (4.4)% | 21.7% | 20.6% | |||
| Total Segment Gross Profit | 7,766 | 5,201 | 49.3% | 15.9% | 10.5% | |||
| Restructuring Related Charge (1) | (113) | — | 100.0% | (0.2)% | — | |||
| Gross Profit | $7,653 | $5,201 | 47.1% | 15.7% | 10.5% | |||
| Selling, General and Administrative Expenses by Segment | Percent of Sales | |||||||
| Mattress Fabrics | $3,292 | $3,221 | 2.2% | 12.1% | 12.5% | |||
| Upholstery Fabrics | 3,638 | 3,934 | (7.5)% | 16.8% | 16.5% | |||
| Unallocated Corporate Expenses | 1,540 | 2,090 | (26.3)% | 3.2% | 4.2% | |||
| Selling, General and Administrative Expenses | $8,470 | $9,245 | (8.4)% | 17.4% | 18.7% | |||
| (Loss) Income from Operations by Segment | Operating Margin | |||||||
| Mattress Fabrics | $(217) | $(2,929) | (92.6)% | (0.8)% | (11.4)% | |||
| Upholstery Fabrics | $1,053 | $975 | 8.0% | 4.9% | 4.1% | |||
| Unallocated Corporate Expenses | $(1,540) | $(2,090) | (26.3)% | (3.2)% | (4.2)% | |||
| Total Segment Loss from Operations | (704) | (4,044) | (82.6)% | (1.4)% | (8.2)% | |||
| Restructuring Related Charge (1) | (113) | — | 100.0% | (0.2)% | — | |||
| 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)% | |||
| Depreciation Expense by Segment | ||||||||
| Mattress Fabrics | $1,015 | $1,461 | (30.5)% | |||||
| Upholstery Fabrics | 137 | 162 | (15.4)% | |||||
| Depreciation Expense | $1,152 | $1,623 | (29.0)% | |||||
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.
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