Culp sees dip in total internet gross sales for fiscal Q2

HIGH POINT — Culp Inc. reported internet gross sales of $74.6 million for the second quarter fiscal 2022 ended Oct. 31, down 3{330f214df237fc2abc96aea099ffbe24c43e06db08036644267acddb2f21482d} from the identical quarter in 2020. Whereas mattress cloth gross sales have been up 2.1{330f214df237fc2abc96aea099ffbe24c43e06db08036644267acddb2f21482d}, upholstery cloth gross sales dipped 8.5{330f214df237fc2abc96aea099ffbe24c43e06db08036644267acddb2f21482d} for the interval.

Web revenue got here in at $851,000 for the quarter, or 7 cents per diluted share, as in contrast with internet revenue of $2.4 million, or 19 cents per share, for the year-ago interval.

Within the earnings launch, Culp introduced a 5{330f214df237fc2abc96aea099ffbe24c43e06db08036644267acddb2f21482d} improve in its quarterly money dividend, to 11.5 cents per share,

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