Culp

Q4 FY2026 EarningsFY26 Q4 performance was a significant miss on both top and bottom lines. Revenue reached $203.5M, missing the $202.0M consensus slightly, while gross margin of 12.4% fell short of the 13.0% expectation. The normalized net loss was significantly worse than expected, and while GAAP EPS of -$0.81 missed the +$0.01 expectation primarily due to non-cash charges and tax valuation allowances, operating performance was bolstered by restructuring credits. Bedding showed signs of recovery with +2.4% YoY growth, but Upholstery remains under pressure with a -12.5% YoY decline.