Culp Inc.

NYSE:CULP   1:52:27 PM EDT
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Other Pre-Announcement

Culp Inc Announces Revised Expectations, Including Impairment And Markdowns Of Inventory, And Improved Cash Position For Second Quarter Fiscal 2023

Published: 11/22/2022 22:58 GMT
Culp Inc. (CULP) - Culp Inc - Announces Revised Expectations, Including Impairment and Markdowns of Inventory, and Improved Cash Position for Second Quarter Fiscal 2023.
Culp Inc - Expects Net Sales of Approximately $58 Million for the Second Quarter of Fiscal 2023.
Culp Inc - Expects to End Quarter With Higher Cash Position Than Q1 of Fiscal 2023, With About $19 Million in Cash and Investments & No Outstanding Borrowings.