Culp, Inc. Q4 2026 Results Overview
Culp, Inc. (NASDAQ:CULP) announced its fourth‑quarter results for the period ending May 3, 2026. The company posted a loss of $0.18 per share, which fell short of the analyst consensus estimate of $0.06 per share by $0.12. Revenue for the quarter was $51.6 million, representing a 5.8% year‑over‑year increase from $48.8 million in the comparable prior‑year quarter and surpassing the consensus forecast of $49.5 million.
Gross profit amounted to $6.8 million, equal to 13.2% of sales. This figure was up from $5.3 million in the third quarter but down from $7.7 million in the prior‑year quarter. The bedding segment drove growth, delivering sales of $30.5 million, up 12.5% YoY, while upholstery sales declined to $21.1 million, a 2.5% YoY decrease. The company noted that a $1.7 million inventory policy benefit recorded in the prior year had a residual impact on the current results.
Iv Culp, President and Chief Executive Officer, said the firm was “encouraged to see overall sales growth during the quarter along with some nice sequential improvement at the gross profit, operating and bottom lines.” He added that the company entered the new fiscal year with “over $20 million in annualized savings, efficiencies and pricing action” expected to improve operating leverage.
Following the release, Culp’s shares slipped 0.9% in after‑hours trading.
Outlook for FY2027 Q1
For the first quarter of fiscal 2027, Culp expects consolidated sales to moderately improve both sequentially and year‑over‑year. The company projects to reach breakeven to positive adjusted EBITDA before accounting for an anticipated $7.0 million IEEPA tariff refund expected to be received in the quarter. This refund is projected to substantially enhance profitability. Additionally, outstanding debt is forecast to decline to approximately $5.0 million by the end of the first quarter, reflecting the impact of the tariff refund.