{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-113998","form_type":"8-K","ticker":"CULP","cik":"0000723603","company_name":"CULP INC","filed_at":"2025-09-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.233058+00:00","generated_at":"2026-05-17T07:10:19.936076+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Culp Q1 FY2026 net loss narrows to $0.02/sh; bedding gross margin improves to 10.5%","bullets":["Consolidated sales $50.7M (-10% YoY); gross margin 14.3% vs 9.0% prior year.","GAAP operating income $1.6M vs loss $(6.9)M; net loss $(231K) ($(0.02)/diluted) vs $(7.3M) ($(0.58)).","Bedding segment sales flat at $28.0M; gross profit turned positive to $2.9M (10.5%) vs negative prior year.","Upholstery sales $22.6M (-20% YoY) due to tariff-driven shipment pause; gross margin 18.9% vs 19.4%.","Guidance: sequential sales growth expected; Q2 adjusted EBITDA near breakeven to slightly positive."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-113998","json":"https://secwatch.observer/filing/0000950170-25-113998.json","markdown":"https://secwatch.observer/filing/0000950170-25-113998.md","text":"https://secwatch.observer/filing/0000950170-25-113998.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723603/000095017025113998/0000950170-25-113998-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723603/000095017025113998/culp-20250910.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:10:19.936076+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}