Culp 3rd-Quarter Ticking Sales Take Hit on Imports

Culp 3rd-Quarter Ticking Sales Take Hit on Imports

In its third fiscal quarter of 2019, which ended Jan. 27, Culp Inc. reported net sales of $77.2 million, a 9.5% decline compared with its third quarter of fiscal 2018. Ticking sales fell 27.1% to $35.7 million. Upholstery sales rose 2.3% to $37.1 million. New business segment Culp Home Fashions Accessories had sales of $4.4 […]

Shifts at Culp Inc. as Founder Reduces Role

Publicly traded textile major Culp Inc. has announced changes to its executive management structure effective Oct. 1. Robert (Rob) Culp III, a company founder, remains as board chair but now is less involved in the day-to-day management of the business. He continues as a strategic adviser to the company and remains involved in customer and […]

Culp Reports Challenging Quarter, Citing Impact of Imports

Culp Reports Challenging Quarter, Citing Impact of Imports

Culp Inc. reported a 10.1% net sales decline, to $71.5 million, in the first quarter of fiscal 2019, compared with the prior-year quarter. The first quarter of fiscal 2019 ended July 29. The High Point, North Carolina-based textile major said ticking sales declined 23.6%, while upholstery was up 10.9%. Pretax income was $1.9 million, compared […]

Dressed for Bed: Ticking Suppliers Tease With Tints and Talk of Tech

Dressed for Bed: Ticking Suppliers Tease With Tints and Talk of Tech

BY GARY JAMES AND BARBARA T. NELLES Ticking suppliers were plentiful at this year’s ISPA EXPO — more so than ever — and beautifully designed fabrics with a soft hand and dramatic color pops drew many oohs and aahs from attendees. Walking the floor and handling plush knits and silky jacquards was one of the […]

Culp reports fiscal 2018 sales gain

Culp reports fiscal 2018 sales gain

Industry supplier and ticking major Culp Inc. recorded fourth-quarter 2018 (ended April 30) net sales of $78.2 million, with ticking sales down 4.7% and upholstery up 11%, compared with the prior-year quarter. For the full fiscal year, the High Point, North Carolina-based company had net sales of $323.7, reflecting a 1% rise in ticking and […]

Culp makes strategic acquisition of eLuxury.com

Culp makes strategic acquisition of eLuxury.com

Textile supplier Culp Inc., headquartered in High Point, North Carolina, plans to purchase eLuxury.com, an Evansville, Indiana-based e-commerce player whose foundational product line is mattress protectors and pads manufactured at its own domestic facility. The eLuxury site also sells a wide range of sheets, bed frames, mattresses and other bedroom and home items. The acquisition […]

Culp closes fiscal 2017 with healthy balance sheet, overall uptick in ticking sales

Supplier of mattress fabric, upholstery and sewn covers, Culp Inc., announced its fiscal 2017 results, which ended April 30. Net income rose 32% to $22.3 million for the year, or $1.78 per diluted share, compared with $16.9 million, or $1.36 per diluted share, in fiscal 2016. (The High Point, North Carolina-based company changed its New York Stock […]

Culp Sees Sales Climb in Fiscal 2016

Culp Sees Sales Climb in Fiscal 2016

Textile and sewn mattress cover supplier Culp Inc. announced net income (using generally accepted accounting principles) in its 2016 final fiscal quarter, ended May 1, of $3.6 million, a 26.5% decline compared with 2015’s final quarter. Earnings per share for the quarter were $0.29, compared with $0.39 in the previous year’s quarter. The High Point, […]

Culp Reports Sales Soften in Fiscal Third Quarter

Industry textile supplier Culp Inc., with headquarters in High Point, North Carolina, reported net sales of $78.5 million in its fiscal 2016 third quarter, which ended Jan. 31. The figure represents a 3.4% decline, compared with the same quarter in 2015. Net income, using generally accepted accounting principles, for the quarter was $4.9 million, or […]