CULP | Market Cap: $43.6M (08/27/26)
Industry:
Consumer Goods

DESCRIPTION

Culp markets mattress fabrics for the bedding industry and upholstery fabrics for furniture manufacturers. The company operates two segments: Bedding and Upholstery. In Bedding, Culp sells knitted fabrics, woven fabrics, and sewn mattress covers to manufacturers such as Serta-Simmons and Sleep Number. Manufacturers use these materials to finish mattresses across various price points, specifically for the roll-packed mattress market. The Upholstery segment provides fabrics like velvets and faux leathers, as well as window treatments, to residential and commercial furniture makers. Culp uses a hybrid supply chain model, maintaining owned knitting facilities in North Carolina and sewn cover production in Haiti while sourcing other products from Turkey, China, and Vietnam. This geographic diversity helps Culp navigate global trade tariffs. Unit volumes in the housing and furniture markets drive revenue, along with a shift toward higher-value finished products like mattress covers and upholstery kits. Culp is reducing costs through consolidated management and seeks to expand in hospitality and commercial furniture channels to move beyond consumer discretionary spending.

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