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The latest update is out from Culp ( (CULP) ).
Culp, Inc. reported a sequential improvement in its second quarter of fiscal 2025, notably in its mattress fabrics segment, driven by higher order levels and restructuring efforts that reduced operating losses. Despite a 5% year-over-year decline in sales due to industry challenges, Culp expects continued improvement and eventual profitability from restructuring benefits and market share gains. The restructuring initiatives, mainly focused on consolidating operations, are set to yield significant savings and operational efficiencies by the end of the fiscal year.
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