CULP INC
For the period ended Sep 10, 2025. Filed Sep 10, 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.
Sep 10, 2025 · Filed Sep 10, 2025
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CULP$3.60-1.1%Stored close · as of Nov 6, 2026
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 | ||||||||
| August 3, · July 28, · % Over · August 3, · July 28, | ||||||||
| 2025 · 2024 · (Under) · 2025 · 2024 | ||||||||
| Net sales | $50,691 | $56,537 | (10.3)% | 100.0% | 100.0% | |||
| Cost of sales | (43,463) | (51,461) | (15.5)% | 85.7% | 91.0% | |||
| Gross profit | 7,228 | 5,076 | 42.4% | 14.3% | 9.0% | |||
| Selling, general and administrative expenses | (9,119) | (9,296) | (1.9)% | 18.0% | 16.4% | |||
| Restructuring credit (expense) | 3,508 | (2,631) | N.M | 6.9% | (4.7)% | |||
| Income (loss) from operations | 1,617 | (6,851) | (123.6)% | 3.2% | (12.1)% | |||
| Interest expense | (183) | (28) | 553.6% | 0.4% | 0.0% | |||
| Interest income | 235 | 262 | (10.3)% | 0.5% | 0.5% | |||
| Other expense | (531) | (404) | 31.4% | 1.0% | 0.7% | |||
| Income (loss) before income taxes | 1,138 | (7,021) | (116.2)% | 2.2% | (12.4)% | |||
| Income tax expense (1) | (1,369) | (240) | 470.4% | 120.3% | (3.4)% | |||
| Net loss | $(231) | $(7,261) | (96.8)% | (0.5)% | (12.8)% | |||
| Net loss per share - basic | $(0.02) | $(0.58) | (96.6)% | |||||
| Net loss per share - diluted | $(0.02) | $(0.58) | (96.6)% | |||||
| Average shares outstanding-basic | 12,570 | 12,470 | 0.8% | |||||
| Average shares outstanding-diluted | 12,570 | 12,470 | 0.8% | |||||
Notes
(1) Percent of sales column for income tax expense is calculated as a percent of income (loss) before income taxes.
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