Culp Reports Q1 2027 Earnings: Strong Bedding Segment Growth, Reduced Net Debt
Culp Inc. (NYSE: CULP) reported first-quarter earnings for fiscal year 2027 on September 10, 2026, showing a net income of $6 million or $0.47 per diluted share compared to a prior-year loss of $231,000. The company's bedding segment drove much of the growth with sales increasing by 13.2% year-over-year due to strategic investments in nearshore manufacturing and market share gains. Net debt was reduced by 70%, from $10.9 million at the end of fiscal 2026 to $3.1 million, thanks largely to tariff recoveries and improved working capital management. Adjusted gross profit rose to $8.4 million or 15.6% of sales due to higher sales volumes and operational efficiencies. Despite a slight decline in upholstery segment sales primarily from one fewer selling week, the company expects break-even operating income for Q2 as part of its ongoing restructuring efforts.
Tickers: $CULP
Topics: bedding segment earnings operating performance sales growth