TITLE

Culp 20 sales fall 11.9%

AUTHOR(S)
Thomas, Larry
PUB. DATE
December 2006
SOURCE
Furniture/Today;12/11/2006, Vol. 31 Issue 14, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Culp Inc., manufactures and markets mattress fabrics known as mattress ticking, has reported 11. 9% loss in sales during its second quarter ended October 29, 2006. This reversed a year-before loss of $4.2 million stemming from a sweeping overhaul of operations. The sales of mattress fabrics trailed off by 2.1%, to $23.5 million, but helped by sales of higher-margin product, operating profit jumped by 48.3% to $2.5 million from $1.7 million last year.
ACCESSION #
23403151

 

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