Culp swings to $6.0M profit on $6.9M tariff refund; sales up 6.5% despite one fewer week

Filed September 11, 2026 · Period ending August 2, 2026 · Compared to 10-Q Sep 12, 2025 · ~1 min read

Key Changes

• high

  Net income swung to $6.0M ($0.47 diluted EPS) from a $231K loss, driven by a one-time $6.9M IEEPA tariff refund and higher sales.

  MD&A: Consolidated results verify on EDGAR →
• high

  Revenue rose 6.5% to $54.0M despite one fewer shipping week; gross margin expanded to 28.5% from 14.3%.

  MD&A: Consolidated results verify on EDGAR →
• high

  Bedding segment sales grew 13.2% to $31.8M with gross margin up 310bp to 13.6%, reflecting restructuring benefits.

  MD&A: Bedding segment verify on EDGAR →