Culp, Inc. - Common Shares(CULP)

Culp swung to $6.0 million of net income ($0.47 per share) in its fiscal Q1 2027 quarter ended August 2, 2026, but a one-time $6.9 million customs refund of struck-down IEEPA tariffs accounted for essentially all of it — excluding it, the company ran a $0.3 million operating loss, narrowed from $1.9 million a year earlier on restructuring savings and a 310 basis point bedding margin gain.