Exhibit 99.1 CULP ANNOUNCES RESULTS FOR FOURTH QUARTER AND FISCAL 2024, PROVIDES UPDATE ON RESTRUCTURING INITIATIVES HIGH POINT, N.C. (June 27, 2024) ─ Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. Fiscal 2024 Fourth Quarter Financial Summary ▪ Net sales for the fourth quarter of fiscal 2024 were $49.5 million, down 19.4 percent compared with the prior-year period, with ...