Culp announces results for fourth quarter and fiscal 2023, ends year with quarterly sales and operating improvement and higher cash position

High point, n.c.--(business wire)--culp, inc. (nyse: culp) (together with its consolidated subsidiaries, “culp”) today reported financial and operating results for the fourth quarter and fiscal year ended april 30, 2023. fiscal 2023 fourth quarter financial summary net sales for the fourth quarter of fiscal 2023 were $61.4 million, up 7.9 percent compared with the prior-year period, with mattress fabrics sales up 3.1 percent and upholstery fabrics sales up 13.1 percent. sequentially, net sales.
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