{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-314238","form_type":"8-K","ticker":"CULP","cik":"0000723603","company_name":"CULP INC","filed_at":"2025-12-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.014205+00:00","generated_at":"2026-05-16T13:42:49.414883+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Culp Q2 fiscal 2026 net loss narrows to $0.34 per share; bedding sales up 2%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-314238","json":"https://secwatch.observer/filing/0001193125-25-314238.json","markdown":"https://secwatch.observer/filing/0001193125-25-314238.md","text":"https://secwatch.observer/filing/0001193125-25-314238.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723603/000119312525314238/0001193125-25-314238-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723603/000119312525314238/culp-20251210.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:42:49.414883+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"}