Culp Q2 fiscal 2026 net loss narrows to $0.34 per share; bedding sales up 2%

CULP INC

2026-Q2 EPS reported -$0.36 revenue$103,893,000

Net sales $53.2M, down 4.5% YoY but up sequentially from $50.7M; net loss $4.3M vs $5.6M prior year.
Bedding segment sales $30.8M (+2% YoY); gross margin improved to 10.1% from 8.1% on restructuring.
Upholstery sales $22.4M (-12% YoY); gross margin dipped to 16.1% from 16.9% on weak housing and tariffs.
Adjusted EBITDA negative $1.0M, improved from negative $1.1M; Q3 guidance near break-even to positive adjusted EBITDA.
Expects over $20M annualized cost savings by fiscal 2027 from restructuring and platform optimization.

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