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Earnings Data
Report Date
Sep 02, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call disclosed meaningful operational progress — completion of restructuring, >$20M annualized cost savings, improved free cash flow, and potential tariff refunds — which are material positives. However, near-term top-line pressures persist with an ~8% decline in sales, segment declines (Upholstery -12%, Bedding -5%), negative adjusted EBITDA, inventory markdown impacts, and tariff timing uncertainty that constrain visibility. Management expects sequential improvement in Q4 (particularly Bedding) and believes the platform is positioned to scale profitably when demand recovers. Overall the message is cautiously balanced between substantive operational gains and continuing short-term demand and profitability challenges.Company Guidance
Completed Restructuring and Cost Savings
Project Blaze integration completed; consolidated U.S. distribution to Stokesdale, streamlined China operations, and other actions generating over $20 million in annualized cost savings; expects Q4 and FY27 benefits to lower costs and improve margins.
Improved Cash Flow and Lower Capital Spending
Free cash flow for first nine months was -$1.0 million versus -$10.1 million prior year; cash flow from operations improved to -$2.3 million (YTD) from -$9.4 million; capital expenditures reduced to $442,000 (YTD) from $2.4 million prior year.
Liquidity and Balance Sheet Highlights
Liquidity of $27.7 million at quarter end (composed of $9.7M cash and $18.0M available borrowing capacity); net debt approximately $8.8 million; North Carolina campus net book value ~$12M with estimated market value $40M-$45M.
Potential Significant Tariff Refunds
Paid over $15 million in duties over last 14 months and estimates $6 million-$7 million in refundable IEEPA tariffs; additional expected refunds on Haiti baseline duties and $4.8 million receivable from prior Canada facility sale scheduled in Q4.
Operational Readiness & Leverage
Management reports a rebuilt low-cost global platform ready to scale; estimates incremental revenue flows to the bottom line at an approximate 25% rate when demand increases.
Product and Commercial Wins
Bedding showed 'green shoots' and was on pace to comp prior year before severe weather; Upholstery kits recorded double-digit growth (high-growth, higher per-unit revenue category); new Vietnam showroom and participation in industry trade shows to support sales.
Sequential & Segment Outlook
Company expects sequential consolidated sales growth in Q4 and solid Bedding segment performance; management believes tariff pricing and restructuring will drive improving gross profit and lower SG&A in Q4 and beyond.
CULP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CULP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 11, 2026 | $3.03 | $2.83 | -6.60% |
Dec 11, 2025 | $3.75 | $3.77 | +0.53% |
Sep 10, 2025 | $4.70 | $4.57 | -2.77% |
Jun 25, 2025 | $3.96 | $3.91 | -1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Culp (CULP) report earnings?
Culp (CULP) is schdueled to report earning on Sep 02, 2026, After Close (Confirmed).
What is Culp (CULP) earnings time?
Culp (CULP) earnings time is at Sep 02, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CULP EPS forecast?
Currently, no data Available