Slide 1: Third Quarter FY26: Supplemental Information
THIRD QUARTER FY26: SUPPLEMENTAL INFORMATION March 2026
Slide 2: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934)
Slide 3: Business Overview & Strategic Actions
BUSINESS OVERVIEW & STRATEGIC ACTIONS
Slide 4: Culp, Inc.: Two Leading Businesses in Multi-Billion Dollar Markets
CULP, INC. (NASDAQ: CULP) TWO LEADING BUSINESSES IN MULTI-BILLION DOLLAR MARKETS One of North America’s largest marketers of mattress fabrics and sewn covers for bedding and upholstery fabrics and sewn kits for BEDDING SEGMENT residential, commercial, and hospitality furniture and other • Market lea
Slide 5: Culp Bedding
CULP BEDDING Large-Scale Leader in Consolidated Industry with Significant Barriers to Entry INNOVATIVE PRODUCTS COMPETITIVE STRENGTHS GROWING MARKET SHARE • Knitted fabrics • One of the largest producers of mattress fabrics in North America Market Size • Sewn mattress covers $500-600M 1 • Global man
Slide 6: Culp Upholstery
CULP UPHOLSTERY Market Leader Known for Creative Designs and Innovative Products, with Asset-Light Operating Model INNOVATIVE PRODUCTS COMPETITIVE STRENGTHS GROWING MARKET SHARE • Upholstery fabrics and sewn kits for • Outstanding design capabilities residential furniture markets Market Size • Asset
Slide 7: Liquidity & Capital Base
LIQUIDITY & CAPITAL BASE Top Priority to Aggressively Manage Liquidity/FCF and Debt BALANCE SHEET HIGHLIGHTS As of 2/1/2026 TOTAL LIQUIDITY (in millions) Liquidity in place to navigate current environment. Recently extended domestic credit facility for additional three years at Cash $9.7 market
Slide 8: Restructured for Profitability Across Market Cycles
RESTRUCTURED FOR PROFITABILITY ACROSS MARKET CYCLES Completed Fiscal 2025 ACTIONS OUTCOMES Consolidated North American Bedding Operations $10 to $11 Million in Projected Annualized Cost Savings and • Closed manufacturing operations and sold facility in Efficiency Gains Quebec, Canada • Moved knittin
Slide 9: Fiscal 2026 Integration & Additional Actions
FISCAL 2026 INTEGRATION & ADDITIONAL ACTIONS Cost and Organizational Actions Strengthen Foundation Integration of Stand-Alone Divisions to Synergize Business and Consolidated and Streamlined Read Window Operations Leadership Teams • Relocated leased facility in Knoxville, TN into owned facility in •
Slide 10: Impacts of Restructuring & Additional Actions
IMPACTS OF RESTRUCTURING & ADDITIONAL ACTIONS Projected Annualized $ Impact Action Financial Impact & Timing FY25 Restructuring Initiatives $10 to $11 Million / completed COGS/SG&A FY25 Administrative SG&A Rationalization ~ $1 Million / completed SG&A FY26 Division Integration ~ $1 Million / complet
Slide 11: Tariff Impacts & Mitigation
TARIFF IMPACTS & MITIGATION • CULP Total Duties and Tariffs CY 2025 to Date: ~ $15 million • Tariff Landscape After U.S. Supreme Court Decision Invalidating IEEPA Tariffs Currently Favorable Compared to Recent Prior Periods • Recent Pricing Action Covering Cost of Current Applicable Tariffs, Includi
Slide 12: Where We Are: Global Trade/Tariff Uncertainty
GLOBAL TRADE/ TARIFF UNCERTAINTY Strong U.S. Base and Global Footprint Gives Customers Valuable Optionality and CULP an Increasing Competitive Advantage WHERE WE ARE USA · TURKEY · CHINA · VIETNAM · HAITI
Slide 13: Current Market Conditions
Bs@ CURRENT MARKET ) J@ CONDITIONS CULP
Slide 14: Consumer Confidence
CONSUMER CONFIDENCE Source: University of Michigan, University of Michigan: Consumer Sentiment [UMCSENT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UMCSENT, Feb 20, 2026 14
Slide 15: Housing Activity
HOUSING ACTIVITY Source: National Association of Realtors; Trading Economics Source: MBA and Wells Fargo Economics Source: National Association of Realtors and Wells Fargo Economics 15
Slide 16: 30-Year Mortgage Rates
30-YEAR MORTGAGE RATES Source: Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, March 5, 2026. 16
Slide 17: Bedding: Current Market Cycle
BEDDING: CURRENT MARKET CYCLE Indications that extremely low demand may be coming to end Annual U.S.-Produced Mattress Unit Volume Trends Unit Shipments of Mattresses Source: ISPA Annual Sales Survey & ITC Mattress Imports Data for 2019–2024, and ISPA Forecast for 2025–2027 * Includes U.S.-produced
Slide 18: Bedding: Prior Industry Downturns
BEDDING: PRIOR INDUSTRY DOWNTURNS UBS Global Research: Downturns Since 1980 Have Never Exceeded 4 Years and Were Followed by Periods Averaging 4% Growth Source: Almost Done Tossing and Turning – Assuming Coverage of the U.S. Mattress Industry, UBS Global Research © UBS 2025. All rights reserved. 18
Slide 19: Investment Highlights
J C INVESTMENT HIGHLIGHTS Via CULP
Slide 20: Investment Highlights
INVESTMENT NASDAQ: CULP HIGHLIGHTS • Well-established market position in • Strong relationships with key customers and multiple billion-dollar industries long-term suppliers • Experienced and streamlined • Emphasis on design creativity and product leadership team focused on profitable innovation gro
Slide 21: NASDAQ: CULP
Wig 4s NASDAQ: CULP CULP