Culp Q3 fiscal 2026 net loss $3.4M; sales down 8% YoY to $48.0M

CULP INC

2026-Q3 EPS reported -$0.63 revenue$151,859,000

Consolidated net sales of $48.0M vs $52.3M a year ago; bedding segment down 5%, upholstery down 12%.
Net loss of $3.4M ($0.27 diluted EPS), improved from prior-year loss $4.1M ($0.33 EPS).
Gross profit margin 11.1% vs 12.1% YoY; operating loss of $3.7M vs $3.9M.
Management notes $6-7M potential IEEPA tariff refund; completion of restructuring and integration initiatives.
Expects sequential consolidated sales growth in Q4, driven by bedding segment improvement.

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