Culp Loss Same as Last Year

Hogsett, Don
December 2005
Home Textiles Today;12/12/2005, Vol. 27 Issue 13, p12
Trade Publication
The article reports on the financial performance of fabric producer Culp Inc. as of 2005 in the U.S. Culp Inc. recorded a 4.2 million dollar loss, which is the same amount of deficit from the previous year. Sales dropped 11.1 percent, to 67 million dollars from 75.4 million in 2004. Average gross margin narrowed 4.4 percentage points, to 8.3 percent from 12.7 percent during the same period a year ago.


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