Twenties Tradition Powerpoint Template

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Culp sees dip in general internet gross sales for fiscal Q2

HIGH POINT — Culp Inc. reported internet gross sales of $74.6 million for the second quarter fiscal 2022 ended Oct. 31, down 3{fef176cfe070174158fd7b214e43cb102580b177a66861132e9b8746d895dffd} from the identical quarter in 2020. Whereas mattress material gross sales had been up 2.1{fef176cfe070174158fd7b214e43cb102580b177a66861132e9b8746d895dffd}, upholstery material gross sales dipped 8.5{fef176cfe070174158fd7b214e43cb102580b177a66861132e9b8746d895dffd} for the interval.

Internet revenue got here in at $851,000 for the quarter, or 7 cents per diluted share, as in contrast with internet revenue of $2.4 million, or 19 cents per share, for the year-ago interval.

Within the earnings launch, Culp introduced a 5{fef176cfe070174158fd7b214e43cb102580b177a66861132e9b8746d895dffd} improve in its quarterly money dividend, to 11.5 cents per share,

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