Culp, Inc.

Culp, Inc. reported a net loss of $3.4 million for Q3 2026, with net sales of $48.0 million. The company generated a gross profit of $5.3 million but incurred an operating loss of $3.7 million due to selling, general and administrative expenses of $8.5 million. The loss before income taxes was $3.1 million. Cash flow from operations was negative $2.3 million, while investing activities provided $1.2 million and financing activities contributed $5.1 million. The company ended the quarter with total assets of $120.8 million, total liabilities of $70.5 million, and shareholders' equity of $50.2 million. Management concluded that disclosure controls and procedures were effective as of February 1, 2026, with no material changes in internal control over financial reporting during the quarter.

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