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CULP on Nasdaq

CULP INC

CULP INC is a largest marketers of mattress fabrics for bedding and upholstery fabrics for residential.2 It is headquartered in High Point, United States.2

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Last updated Oct 21, 2026.

Overview

$203.5MRevenue, fiscal 20263
-$10.2MNet income, fiscal 20263

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  • TickerCULP on Nasdaq2
  • IndustryBroadwoven Fabric Mills, Cotton2
  • HeadquartersHigh Point, United States2
  • Incorporated inNC4
  • Business address410 W. English Road 5Th Floor, High Point, Nc 272624
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formINCORPORATED2
  • LEI549300BIJZDD8EVS1U892
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Kenneth R. Bowling, 27265 High Point, United States2
  • Registered withCorporations Division (Department of the Secretary of State), 00370382

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Culp is one of the largest marketers of mattress fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture and other applications in North America. The company markets a variety of fabrics to its global customer base of leading bedding and furniture companies, including fabrics produced at Culp's manufacturing facilities and fabrics sourced through other suppliers. The company competes in a business driven by fashion and product performance, and we strive to differentiate ourselves by placing a sustained focus on creativity and product innovation. In addition, we place great emphasis on providing excellent and dependable service to our customers as well as a supply chain that provides customers with sourcing optionality across a variety of jurisdictions. Our focused efforts to protect our financial strength and manufacturing flexibility have allowe…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

12.4%Gross margin3
-3.5%Operating margin3
-5.0%Net margin3
-4.6%Revenue growth, 20263
-21.2%Return on equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Bedding Fabrics brought in 38% of the revenue CULP INC broke down this way in fiscal 2026.

  1. Bedding Fabrics$116.6M338%up 2% from 2025
  2. Bedding$105.9M334%down 0% from 2025
  3. Upholstery$86.9M328%down 13% from 2025
Business segments by year
Business segments202420252026
Bedding Fabrics$116.4M$113.9M$116.6M
Bedding$110.1M$106.0M$105.9M
Upholstery$109.0M$99.3M$86.9M

Regions

International brought in 38% of the revenue CULP INC broke down this way in fiscal 2026.

  1. International$63.5M338%down 9% from 2025
  2. North America, Excluding United States$31.5M319%down 4% from 2025
  3. Far East And Asia$29.0M317%down 5% from 2025
  4. Mexico$28.7M317%down 0% from 2025
  5. China$12.6M37%down 21% from 2025
  6. All Other Geographic Areas$3.0M32%down 50% from 2025
Regions by year
Regions202420252026
International$71.7M$69.5M$63.5M
North America, Excluding United States$29.4M$32.9M$31.5M
Far East And Asia$36.3M$30.6M$29.0M
Mexico$25.1M$28.8M$28.7M
China$18.3M$16.0M$12.6M
All Other Geographic Areas$6.0M$6.0M$3.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue83¢$178.3M
  • Selling, general and admin16¢$34.7M
  • Interest0¢$759.0K
  • Income tax1¢$1.9M

Out of $203.5M in revenue.3 The company lost money this year.

Financial statements

Revenue78910113$203.5M in 2026−28% since 2019
0$100.0M$200.0M$300.0M2019: $281.3M$281.3M20192020: $256.2M$256.2M2020−9%2021: $299.7M$299.7M2021+17%2022: $294.8M$294.8M2022−2%2023: $234.9M$234.9M2023−20%2024: $225.3M$225.3M2024−4%2025: $213.2M$213.2M2025−5%2026: $203.5M$203.5M2026−5%
Gross profit78910113$25.2M in 2026−45% since 2019
0$20.0M$40.0M$60.0M2019: $45.8M$45.8M20192020: $40.5M$40.5M2020−12%2021: $49.8M$49.8M2021+23%2022: $36.1M$36.1M2022−28%2023: $10.9M$10.9M2023−70%2024: $27.9M$27.9M2024+156%2025: $25.1M$25.1M2025−10%2026: $25.2M$25.2M2026+0%
Operating income78910113-$7.2M in 2026
-$40.0M-$20.0M0$20.0M2019: $13.4M$13.4M20192020: -$7.6M-$7.6M20202021: $12.1M$12.1M20212022: $678.0K$678.0K2022−94%2023: -$28.5M-$28.5M20232024: -$11.3M-$11.3M2024−60%2025: -$18.4M-$18.4M2025+63%2026: -$7.2M-$7.2M2026−61%
Net income78910113-$10.2M in 2026
-$40.0M-$30.0M-$20.0M-$10.0M0$10.0M2019: $5.5M$5.5M20192020: -$28.7M-$28.7M20202021: $3.2M$3.2M20212022: -$3.2M-$3.2M20222023: -$31.5M-$31.5M2023+882%2024: -$13.8M-$13.8M2024−56%2025: -$19.1M-$19.1M2025+38%2026: -$10.2M-$10.2M2026−47%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2026-04-302025-04-302024-04-30
Net sales$203.5M$213.2M$225.3M
Cost of sales-$178.3M-$188.2M-$197.4M
Gross profit$25.2M$25.1M$27.9M
Selling, general and administrative expenses-$34.7M-$35.7M-$38.6M
Restructuring credit (expense)$2.3M-$7.7M-$636.0K
Loss from operations-$7.2M-$18.4M-$11.3M
Interest expense-$759.0K-$231.0K-$11.0K
Interest income$1.1M$915.0K$1.2M
Other expense, net-$1.4M-$1.0M-$625.0K
Loss before income taxes-$8.3M-$18.7M-$10.8M
Income tax expense-$1.9M-$392.0K-$3.0M
Net loss-$10.2M-$19.1M-$13.8M
Net loss per share-basic-$0.81-$1.53-$1.11
Net loss per share-diluted-$0.81-$1.53-$1.11

Compare CULP INC with another company

Corporate structure

CULP INC sits at the top of its group. 6 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CULP INC

  • CULP INC High Point, North Carolina, United States
    • Culp Fabrics Vietnam Company Ltd. Subsidiary · Vietnam
    • Culp Home Fashions – Haiti, Ltd. (f/k/a CLASS International Holdings Ltd.) Subsidiary · Cayman Islands
    • Culp International Holdings Ltd. Subsidiary · Cayman Islands
    • Culp Upholstery Fabrics – Haiti, Ltd. Subsidiary · Cayman Islands
    • Rayonese Textile Inc. Subsidiary · Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CULP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$596.0K3 May 3, 2026$596.0K3 Apr 27, 20250%
Buildings and improvements$25.4M3 May 3, 2026$25.3M3 Apr 27, 2025+0.6%
Machinery and equipment$46.1M3 May 3, 2026$50.4M3 Apr 27, 2025−8.5%
Furniture and fixtures$1.2M3 May 3, 2026$1.2M3 Apr 27, 2025−6.9%
Leasehold improvements$1.9M3 May 3, 2026$2.0M3 Apr 27, 2025−5.4%
Property and equipment, before depreciation$84.4M3 May 3, 2026$88.6M3 Apr 27, 2025−4.7%
Accumulated depreciation$63.4M3 May 3, 2026$63.8M3 Apr 27, 2025−0.6%
Property and equipment, net$21.0M3 May 3, 2026$24.8M3 Apr 27, 2025−15.4%
Operating-lease assets (leased space)$3.0M3 May 3, 2026$5.9M3 Apr 27, 2025−49.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$8.3M3 May 3, 2026$5.6M3 Apr 27, 2025+47.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$355.0K3 May 3, 2026$960.0K3 Apr 27, 2025−63.0%
Trademarks and trade names (indefinite-lived)$03 May 3, 2026$03 Apr 27, 2025
Customer relationships, net$868.0K3 May 3, 2026$3.1M3 Apr 27, 2025−72.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$47.5M3 May 3, 2026$49.3M3 Apr 27, 2025−3.7%
Raw materials$5.6M3 May 3, 2026$5.7M3 Apr 27, 2025−2.8%
Work in process$2.0M3 May 3, 2026$2.7M3 Apr 27, 2025−27.6%
Finished goods$39.9M3 May 3, 2026$40.8M3 Apr 27, 2025−2.2%

Properties, in its own words

As of the end of fiscal 2026 (May 3, 2026), we leased our corporate headquarters and a design and innovation campus located in High Point, North Carolina. In addition, we owned or leased six facilities associated with our bedding and upholstery operations. The following is a list of our administrative and production facilities. Our facilities listed below are organized by segment.

Location · Principal Use · Approx.Total Area(Sq. Ft.) · Expirationof Lease (1)

The rest of Item 2

● Administrative:

High Point, North Carolina · Upholstery and shared service offices · 18,960 · 2033

High Point, North Carolina · Design and innovation campus, showrooms, and executive offices · 21,261 · 2043

● Bedding:

Stokesdale, North Carolina · Manufacturing and headquarters office (2) · 299,163 · Owned

Stokesdale, North Carolina · Distribution center (2) · 220,222 · Owned

Ouanaminthe, Haiti · Manufacturing · 83,579 · 2026 (3)

● Upholstery:

Burlington, North Carolina · Design center · 13,750 · 2026

Shanghai, China · Warehouse and offices · 68,677 · 2026

Shanghai, China · Warehouse and offices · 89,861 · 2026

Includes all options to renew, except as noted in footnote 2 below.

During fiscal 2026, we closed leased facilities in Burlington, North Carolina, and Knoxville, Tennessee, each operated by our upholstery segment, and transitioned their production and distribution activities to a shared management model within our owned facility located in Stokesdale, North Carolina, which had historically been operated solely by our bedding segment. Refer to Note 10 of the consolidated financial statements for further details and description of our restructuring activities.

This lease agreement has an unspecified number of renewal options available, and the year listed above is the expiration of the current lease term.

We believe that our facilities are in good condition, well-maintained, suitable, and adequate for present utilization. In the upholstery segment, we have the ability to source upholstery fabric from outside suppliers to meet current and expected demand trends and further increase our output of finished goods. This ability to source upholstery fabric is part of our long-term strategy to have a low-cost platform that is scalable, but not capital intensive. In the bedding segment, we believe we have sufficient capacity to meet current and expected demand trends, but we also source certain fabrics from outside suppliers and have the ability to source additional bedding fabrics from outside suppliers to further increase our ultimate output of finished goods.

Item 2 of the 10-K filed Jul 17, 2026.6

Leadership

Who has led CULP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert G. Culp Iii.2006–2007
  2. Franklin N. Saxon2007–2020

Chair

  1. Robert G. Culp Iii.2006–2018
  2. Franklin N. Saxon2013–2021

President

  1. Boyd Brooks Chumbley2006–2024
  2. Franklin N. Saxon2006
  3. Cassandra J. Brown2020–2022
  4. Thomas Bruno2023–2024
  5. Mary Elizabeth Hunsberger2024

Chief financial officer

  1. Kenneth R. Bowling2007–2026
  2. Mary Elizabeth Hunsberger2026–now

Chief operating officer

  1. Franklin N. Saxon2006
  2. Mary Elizabeth Hunsberger2026–now
2010201520202025
Board members and other officers (21)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Culp Fabrics Vietnam Company Ltd. Vietnam5
  • Culp Home Fashions – Haiti, Ltd. (f/k/a CLASS International Holdings Ltd.) Cayman Islands5
  • Culp International Holdings Ltd. Cayman Islands5
  • Culp Upholstery Fabrics – Haiti, Ltd. Cayman Islands5
  • Rayonese Textile Inc. Canada5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 23, 20268-K Shareholder vote48
  2. Sep 9, 20268-K Results of operations49
  3. Jul 1, 20268-K Results of operations50
  4. Mar 11, 20268-K Results of operations51
  5. Feb 23, 20268-K Listing notice or transfer; Regulation FD disclosure52
  6. Jan 27, 20268-K Executive or director change53
  7. Jan 16, 20268-K Executive or director change54
  8. Dec 10, 20258-K Results of operations55
  9. Sep 25, 20258-K Shareholder vote56
  10. Sep 10, 20258-K Results of operations57
  11. Jun 25, 20258-K Results of operations; Regulation FD disclosure58
  12. Jun 16, 20258-K Entered a material agreement; New debt or obligation59
  13. Jun 26, 2007New chief executive Franklin N. Saxon becomes CEO16
  14. Mar 30, 2006New chief executive Robert G. Culp Iii. becomes CEO17
  15. Mar 16, 1972Founded CULP INC is founded2

Calendar

Coming up

  1. Dec 9, 2026Reports results for the quarter ending Oct/2026 A year earlier it reported ($0.30) a share, on Dec 10, 2025.60

When it reported results

  1. Sep 9, 2026Reported quarterly or annual results49
  2. Jul 1, 2026Reported quarterly or annual results50
  3. Mar 11, 2026Reported quarterly or annual results51
  4. Dec 10, 2025Reported quarterly or annual results55
  5. Sep 10, 2025Reported quarterly or annual results57
  6. Jun 25, 2025Reported quarterly or annual results58
  7. Mar 5, 2025Reported quarterly or annual results61
  8. Dec 4, 2024Reported quarterly or annual results62

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

352 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 230 insider forms, 29 large holders, 26 other. The latest 20:

  1. Sep 30, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 23, 20268-K EDGAR
  9. Sep 22, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 11, 202610-Q EDGAR
  12. Sep 9, 20268-K EDGAR
  13. Aug 13, 2026DEFA14A EDGAR
  14. Aug 13, 2026ARS EDGAR
  15. Aug 13, 2026DEF 14A EDGAR
  16. Aug 7, 20263 PRIMARY DOCUMENT EDGAR
  17. Jul 20, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 20, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 20, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 20, 20264 PRIMARY DOCUMENT EDGAR

The 352 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

88 open-market trades by officers, directors and large owners since October 2021: 87 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 28, 2026CULP ROBERT GEORGE IVPresident & CEOBuy2,960$3.89$11.5KForm 4
Sep 22, 2026Hunsberger Mary ElizabethChief Financial OfficerBuy5,000$3.60$18.0KForm 4
Sep 18, 2026CULP ROBERT GEORGE IVPresident & CEOBuy4,874$3.78$18.4KForm 4
Jul 13, 2026Collier John DouglasDirectorBuy5,000$3.45$17.2KForm 4
Jul 9, 2026CULP ROBERT GEORGE IVPresident & CEOBuy2,768$3.33$9.2KForm 4
Apr 2, 2026Bruno ThomasChief Commercial OfficerBuy10,000$2.77$27.6KForm 4
Mar 30, 2026CULP ROBERT GEORGE IVPresident & CEOBuy3,179$2.90$9.2KForm 4
Mar 26, 2026Gatling Kimberly BullockDirectorBuy1,812$2.97$5.4KForm 4
Mar 18, 2026Hunsberger Mary ElizabethChief Financial OfficerBuy5,000$3.08$15.4KForm 4
Mar 18, 2026CULP ROBERT GEORGE IVPresident & CEOBuy2,941$3.13$9.2KForm 4
Mar 17, 2026CULP ROBERT GEORGE IVPresident & CEOBuy4,356$3.18$13.9KForm 4
Mar 16, 2026CULP ROBERT GEORGE IVPresident & CEOBuy4,383$3.15$13.8KForm 4
Sep 22, 2025Bruno ThomasChief Commercial OfficerBuy5,372$4.35$23.4KForm 4
Sep 22, 2025Gatling Kimberly BullockDirectorBuy2,347$4.30$10.1KForm 4
Sep 22, 2025CULP ROBERT GEORGE IVPresident & CEOBuy7,428$4.42$32.8KForm 4
Jul 1, 2025CULP ROBERT GEORGE IVPresident & CEOBuy12,000$4.15$49.8KForm 4
Mar 24, 2025Kelly Jonathan LeeBuy700$5.40$3.8KForm 4
Mar 19, 202522NW Fund GP, LLC10% ownerBuy20,000$5.60$112.0KForm 4
Mar 18, 2025Kelly Jonathan LeeBuy250$5.33$1.3KForm 4
Mar 18, 202522NW Fund GP, LLC10% ownerBuy104,738$5.35$560.3KForm 4

All 88 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 35. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
22nw, LP1,859,061$5.8M5.5%No change
Ameriprise Financial Inc883,316$2.7M0.0%+13,996
CIBC Bancorp USA Inc.879,844$2.7M0.0%No change
Gate City Capital Management, LLC625,539$1.9M0.5%−105,762
Renaissance Technologies LLC553,817$1.7M0.0%−9,800
Vanguard Capital Management LLC459,133$1.4M0.0%+2,079
Mill Road Capital Management LLC324,669$1.0M0.5%No change
Dimensional Fund Advisors LP320,088$992.3K0.0%−71,835
BlackRock, Inc.278,342$862.9K0.0%−1,269
Grace & White Inc /ny154,003$477.4K0.1%+3,240
Moors & Cabot, Inc.124,667$386.5K0.0%−14,500
Geode Capital Management, LLC119,079$369.5K0.0%+19,478
Vanguard Fiduciary Trust Co73,759$228.7K0.0%+16,668
Us Bancorp \de\73,368$227.4K0.0%No change
Citadel Advisors LLC57,643$178.7K0.0%+20,540
Bank of New York Mellon Corp50,858$157.7K0.0%No change
HighTower Advisors, LLC50,402$156.2K0.0%No change
Northern Trust Corp48,147$149.3K0.0%−10,297
State Street Corp34,997$108.5K0.0%No change
Wealthedge Investment Advisors, LLC18,286$56.7K0.0%−55,950
Goldman Sachs Group Inc17,609$54.6K0.0%New
Hsbc Holdings PLC15,160$47.5K0.0%No change
Bridgeway Capital Management, LLC13,300$41.2K0.0%−5,000
Barclays PLC8,745$27.1K0.0%No change
Vanguard Global Advisers, LLC4,437$13.8K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CULP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCULP INC1
  • CIK0000723603
  • Employer ID (EIN)56-10019676
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inNorth Carolina6
  • Fiscal year endsDecember 311
  • Industry code (SIC)2211 Broadwoven Fabric Mills, Cotton1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address410 W. English Road 5Th Floor, High Point, NC 272621
  • Phone33688951611
  • Shares outstanding12,735,324 as of Sep 9, 202614
  • Public float$42.1M as of Nov 2, 20256
  • AuditorGRANT THORNTON LLP, Charlotte, North Carolina PCAOB ID 248; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceFeb 10, 19941
  • Filings1,579 in all: 4 (779), 8-K (240), SC 13G/A (123), 10-Q (95), 4/A (44), 11-K (32), DEF 14A (32), SC 13G (32)1
    All 40 form types

    10-K (31), 3 (29), SC 13D/A (27), SD (13), ARS (11), UPLOAD (11), 8-K/A (10), CORRESP (8), S-8 (8), SC 13D (7), SCHEDULE 13G/A (6), 3/A (5), 5 (4), S-3/A (4), 10-Q/A (3), 8-A12B (3), S-3 (3), SCHEDULE 13D/A (3), DEFA14A (2), S-8 POS (2), 10-K/A (1), 10-K405 (1), 25 (1), 25-NSE (1), 424B4 (1), 5/A (1), CERT (1), EFFECT (1), PRE 14A (1), PX14A6G (1), REGDEX (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Jul 17, 2026
    Quarterly report (10-Q) Sep 11, 2026
    Proxy statement (DEF 14A) Aug 13, 2026
    Latest 8-K (8-K) Sep 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $.05/ ShareCULPNasdaq Stock Market LLC

From the cover page of the 10-K filed Jul 17, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks CULP INC names in Item 1A of its 10-K filed Jul 17, 2026: 27 risks under these headings, as written.6

  • Macroeconomic, Market, and Strategic Risks
  • Continued economic and industry uncertainty could negatively affect our sales and earnings.
  • Loss of market share due to competition may result in declines in sales and could result in losses or decreases in earnings.
  • Our operations are subject to risks of unsettled political conditions, civil unrest or instability, public health concerns or pandemics, natural or man-made disasters, armed conflicts or acts of war, terrorism, and the effects of climate change, any one of which could adversely affect our business and results of operations.
  • Our future success depends in part on our ability to successfully implement our strategic initiatives and achieve our business plans.
  • Operational Risks
  • Our business may be adversely affected by increased tariffs or other changes in U.S. trade policy related to imported products.
  • Our business may be adversely affected by violations of existing trade policies.
  • Greater reliance on offshore operations and foreign sources of products or raw materials increases the likelihood of disruptions to our supply chain or our ability to timely deliver products to our customers.
  • Our business faces several risks associated with doing business in China.
  • Because a significant portion of our operations are located outside the U.S., we may be adversely affected by changes in the value of the U.S. dollar.
  • We may have challenges managing the outsourcing arrangements used for products and services.
The other 17 risks
  • Impairment of assets would result in a decrease in our earnings and shareholders’ equity.
  • Changes in the price, availability, and quality of raw materials could increase our costs or cause production delays and sales interruptions, which would result in decreased earnings.
  • Increases in energy costs increase our operating costs and could adversely affect earnings.
  • Business difficulties or failures of large customers could result in a decrease in our sales and earnings.
  • Changes in our customers' business models, inventory levels, sourcing strategies, or retail performance could adversely affect demand for our products.
  • Product quality, safety, and warranty or recall issues could damage our customer relationships, reputation, and results of operations.
  • If we fail to anticipate and respond to changes in consumer tastes and fashion trends, our sales and earnings may decline.
  • Increasing dependence on information technology systems comes with specific risks, including cybersecurity breaches and data leaks, which could have an adverse effect on our business.
  • Actions of activist shareholders could be disruptive and potentially costly, and the possibility that activist shareholders may seek changes that conflict with our strategies could cause uncertainty about the direction of our business.
  • We may not be able to recruit and retain key employees and skilled workers in a competitive labor market.
  • Our intellectual property rights may not prevent others from using our copyrights or trademarks in connection with the sale of competitive products. We may be subject to claims that our products or trademarks infringe intellectual property rights of others.
  • We have made and expect to continue to make acquisitions, which could involve certain risks and uncertainties.
  • Risks Related to Financing Our Operations
  • We have required, and may continue to require, funding from external sources, which may not be available at the levels we require or may cost more than we expect. As a result, our expenses and operating results could be negatively affected.
  • Legal and Regulatory Risks
  • We are subject to litigation and environmental regulations that could adversely affect our sales and earnings.
  • We must comply with many governmental regulations applicable to our business, and changes in those regulations could adversely affect our business.
  • Risks Related to Trading in Our Stock
  • The market price of our stock is affected by the illiquidity of our stock, which could lead to our stock trading at prices that are significantly lower than expected.
  • The market price of our stock may be highly volatile, and the stock market in general can be highly volatile.

Legal proceedings

There are no legal proceedings to which the company, or its subsidiaries, is a party to or of which any of their property is the subject that are required to be disclosed under this item.

The opening of Item 3, Legal Proceedings.6

Sources

The numbers on this page point here. Each one links to the record it came from.

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