---
title: "Culp reports Q4 fiscal 2026 sales $51.6M, gross profit $6.8M; FY2026 sales $203.5M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291461253.md"
description: "Culp reported Q4 FY2026 net sales of $51.6M and full-year sales of $203.5M, with a net loss of $10.2M for the year. Management highlighted margin improvements driven by restructuring and bedding segment momentum. The company completed platform optimization, achieving over $20M in annualized savings, and reduced inventory. Additionally, Culp expects to recover approximately $7.0M in tariff refunds in Q1 FY2027, which will help reduce debt and improve liquidity."
datetime: "2026-07-01T20:43:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291461253.md)
  - [en](https://longbridge.com/en/news/291461253.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291461253.md)
generator: "portal-rs"
---

# Culp reports Q4 fiscal 2026 sales $51.6M, gross profit $6.8M; FY2026 sales $203.5M

Culp reported fourth-quarter fiscal 2026 consolidated net sales of $51.6 million and a GAAP gross profit of $6.8 million (13.2% of sales). For the full fiscal year, Culp recorded consolidated net sales of $203.5 million and gross profit of $25.2 million (12.4% of sales), with a net loss of $10.2 million for the year. Management highlighted sequential improvement in margins and operating results driven by restructuring, integration initiatives and bedding segment momentum.

**Financial Highlights**

-   Q4 consolidated net sales: $51.6 million, up 7.6% sequentially and ~6% year-over-year.
-   Q4 consolidated gross profit: $6.8 million (13.2% of sales); up 210 basis points sequentially from 11.1%.
-   Q4 GAAP loss from operations: $(1.6) million; Q4 net loss: $(2.2) million, or $(0.18) per diluted share.
-   Fiscal 2026 net sales: $203.5 million (down 4.6% year-over-year); fiscal 2026 gross profit: $25.2 million (12.4% of sales).
-   Fiscal 2026 net loss: $(10.2) million, or $(0.81) per diluted share; adjusted EBITDA for the year: $(4.7) million.

**Business Highlights**

-   Bedding segment accelerated: Q4 bedding sales $30.5 million, up ~12% sequentially and 12.5% year-over-year; company notes share gains and product innovation, especially sewn mattress covers.
-   Upholstery segment: Q4 upholstery sales $21.1 million, up 2.1% sequentially but down 2.5% year-over-year; margins improved sequentially despite market headwinds tied to housing and travel/leisure demand.
-   Platform optimization: Company completed platform restructuring and integration activities, citing over $20 million in annualized savings, efficiencies and pricing actions expected to improve operating leverage.
-   Inventory and working capital: Total inventory reduced to $47.5 million as of May 3, 2026, roughly a $5 million decrease from the prior quarter-end; cash and liquidity measures include $8.3 million cash and $24.2 million total liquidity at quarter-end.
-   Tariff refund and balance sheet impact: Company recovered approximately $7.0 million in IEEPA tariff refunds in Q1 FY2027, expected to materially reduce outstanding debt and improve first-quarter liquidity and profitability.

Original SEC Filing: CULP INC \[ CULP \] - 8-K - Jul. 01, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**