Culp, Inc. provided earnings guidance for the second quarter of 2023. Due to the continued volatility in the macro environment, the company is providing only limited sequential financial guidance for the second quarter of fiscal 2023. The company's net sales for the second quarter of fiscal 2023 are expected to be slightly down as compared to the first quarter of fiscal 2023.

The company expects a consolidated operating loss (loss from operations) for the second quarter of fiscal 2023 that is comparable to the first quarter of fiscal 2023.