Culp reports Q3 fiscal 2026 net loss of $3.4 million on sales down 8.2%
Culp reported third-quarter fiscal 2026 net sales of $48.0 million, down from $52.3 million a year earlier, and a net loss of $3.4 million, or $(0.27) per diluted share, compared with a net loss of $4.1 million, or $(0.33) per share, in the prior-year quarter. The company gave only limited forward guidance, expecting sequential sales growth in the fourth quarter, and said it is not providing more specific operating guidance due to uncertainty over possible tariff refunds.
Key points
- Net sales $48.0 million, down 8.2% from $52.3 million; bedding down about 5% and upholstery down about 12%
- Net loss $3.4 million, or $(0.27) per diluted share, vs. $4.1 million, or $(0.33), a year earlier; the quarter included $1.0 million of legal settlement proceeds in other income
- Company expects sequential consolidated sales growth in fourth quarter fiscal 2026; $4.8 million balance from sale of Canadian facility due in fourth quarter
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 11, 2026.
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