Culp, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter of 2022
March 03, 2022 at 11:00 am EST
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Culp, Inc. provided consolidated earnings guidance for the fourth quarter of 2022. The company expects net sales for the fourth quarter of the fiscal year to be slightly lower as compared to the fourth quarter of last fiscal year, and the company expects consolidated operating income for the fourth quarter of the fiscal year to be comparable to the fourth quarter of last fiscal year.
Culp, Inc. is a marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture. The Company markets a variety of fabrics to its global customer base of bedding and furniture companies, including fabrics produced at the Company's manufacturing facilities and fabrics sourced through other suppliers. The Company operates through two segments. The mattress fabrics segment markets primarily knitted and woven fabrics, as well as sewn covers made from those fabrics, which are used in the production of bedding products, including mattresses, foundations, and mattress sets. The upholstery fabrics segment markets a variety of fabric products that are used principally in the production of residential and commercial upholstered furniture, including sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating, as well as window treatment products and installation services for customers in the hospitality and commercial industries.
CULP, INC. 
