{"id":781917,"date":"2022-04-26T20:03:13","date_gmt":"2022-04-26T18:03:13","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/culp-revises-expectations-for-fourth-quarter-fiscal-2022\/"},"modified":"2023-07-10T20:56:59","modified_gmt":"2023-07-10T18:56:59","slug":"culp-revises-expectations-for-fourth-quarter-fiscal-2022","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/culp-revises-expectations-for-fourth-quarter-fiscal-2022\/","title":{"rendered":"Culp Revises Expectations for Fourth Quarter Fiscal 2022"},"content":{"rendered":"Announces Signing of Non-Binding Term Sheet for Secured Credit Facility\n\nHIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, \u201cCULP\u201d) today announced that, based on current estimates, the company is lowering its expectations for net sales and income (loss) from operations for the fourth quarter of fiscal 2022 due primarily to COVID-related shutdowns affecting the company\u2019s operations in China and further weakening in domestic mattress industry sales. The company now expects net sales for the fourth quarter to be down significantly as compared to the fourth quarter of fiscal 2021 and expects a consolidated operating loss in the range of $(6.5) million to $(7.5) million for the quarter
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Announces Signing of Non-Binding Term Sheet for Secured Credit Facility HIGH POINT, N.C.–(BUSINESS WIRE)–Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, \u201cCULP\u201d) today announced that, based on current estimates, the company is lowering its expectations for net sales and income (loss) from operations for the fourth quarter of fiscal 2022 due primarily to COVID-related […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-781917","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nCulp Revises Expectations for Fourth Quarter Fiscal 2022 - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/culp-revises-expectations-for-fourth-quarter-fiscal-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Culp Revises Expectations for Fourth Quarter Fiscal 2022 - BeBeez\" \/>\n<meta property=\"og:description\" content=\"Announces Signing of Non-Binding Term Sheet for Secured Credit Facility HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. 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