Culp reports lower sales for quarter

HIGH POINT, N.C. – Hit by the recent foam shortage and rising raw materials costs, Culp, Inc. reported a net loss of $4.2 million, or 36 cents per diluted share, for the second fiscal quarter of 2006 -- on par with last year.

Sales declined 11 percent to $67 million.

Robert Culp III, chairman and CEO, said the company implemented surcharges to its customers in October in furniture and bedding segments to off-set higher costs. “We expect that these factors will continue to affect our business over the next quarter, although to a diminishing extent,” he added.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!