Culp's (CULP) Q3 Earnings Miss Estimates, Revenues Beat
CULPCulp(CULP) Zacks Investment Research·2024-03-08 02:41

Culp, Inc. (CULP) reported mixed third-quarter fiscal 2024 (ended Jan 28) results, with earnings missing the Zacks Consensus Estimate and net sales surpassing the same. On a year-over-year basis, net sales increased and the adjusted loss improved.Despite the ongoing demand softness, the company benefited from strong contributions from both of its core business segments. Improved pricing and margin also contributed to the positive.CULP plans to enhance its mattress fabrics segment to boost sales and improve ...