Karat Packaging

Karat Packaging, Inc. manufactures and distributes disposable products for the restaurants and foodservice industry. The company was founded by Alan Yu and Marvin Cheng and is headquartered in Chino, CA.

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Karat Packaging reports record margins and strategic growth initiatives

Karat Packaging's Q4 2022 performance reflects resilience amid deflationary pressures, with a focus on margin improvement and growth strategies.
The company's financial strength, cost management initiatives, and strategic shifts position it well for future growth and profitability.
While short-term challenges exist, Karat Packaging's proactive measures and focus on operational efficiency present opportunities for sustainable growth.
Balancing cost reductions, margin expansion, and revenue diversification will be key for Karat Packaging's success in 2023 and beyond.

Karat Packaging reports record gross margin and eco-friendly growth strategy

Karat Packaging's Q1 2023 performance reflects resilience and efficiency despite market challenges, with a focus on eco-friendly products driving growth.
Management's strategic initiatives, including targeting national accounts and unique compostable offerings, position the company for future success.
While facing valuation concerns and market dynamics, Karat Packaging remains optimistic about growth potential and revenue expansion through operational excellence.

Karat Packaging reports mixed Q2 results, eyes dividend growth

Karat Packaging navigated a challenging Q2 2023 with declining net sales but managed to boost gross profit and net income significantly. The company's strategic dividend declarations and raised gross margin goal reflect a commitment to shareholder value and sustainable growth. Overcoming operational hurdles and capitalizing on growth opportunities will be key focus areas moving forward.

Karat Packaging (KRT) reports strong Q3 earnings, eyes growth strategies

Karat Packaging delivered robust financial performance in Q3 2023, driven by sales volume and net income growth.
Operational efficiencies and margin expansion strategies are strengthening the company's financial position.
Despite regional sales challenges, the company's focus on growth initiatives and profitability enhancement bodes well for future prospects.

Karat Packaging reports strong Q4 earnings, eyes growth through automation

Karat Packaging delivered solid financial results in Q4 2023, showcasing growth in sales volume and gross margin expansion. While facing revenue challenges, the company is well-positioned for growth through expansion, technology adoption, and potential M&A activities.

Karat Packaging reports Q1 growth, focuses on eco-friendly innovation

Karat Packaging's Q1 2024 performance showed sales volume growth and a strong gross margin, despite challenges in certain sales categories and lease-related impairments.
The company's strengths lie in its commitment to eco-friendly products, operational efficiency improvements, and confidence in its financial position.
Opportunities for Karat Packaging include strategic acquisitions and product innovation to drive market penetration and meet changing customer demands.

Karat Packaging reports robust Q3 earnings, eyes growth opportunities

Karat Packaging delivered strong Q3 results with sales and volume growth, driven by eco-friendly product sales and operational efficiencies. Despite challenges from high freight rates, the company remains optimistic about future growth prospects. Focus on online business, supermarket expansion, and sustainability bode well for future performance.

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Karat Packaging, Inc. manufactures and distributes disposable products for the restaurants and foodservice industry. The company was founded by Alan Yu and Marvin Cheng in 2000 and is headquartered in Chino, CA.

Net Sales Increase 35 Percent Over Prior Year and 43 Percent, Excluding Sales of PPE-Related Products Net Sales Increase 35 Percent Over Prior Year and 43 Percent, Excluding Sales of PPE-Related Products

Karat Packaging Reports 2021 Third Quarter Financial Results

Karat Packaging Inc (NASDAQ: KRT) raised its third-quarter net sales outlook of $102 million - $103 million (consensus $101.3 million), compared to $76.3 million in the prior-year period. The company had earlier expected Q3 sales of $100 million - $102 million.

Karat Packaging Raises Q3 Sales Outlook

CHINO, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced that Ann T. Sabahat, chief financial officer, has resigned for personal reasons, effective October 8, 2021.

Karat Packaging Announces Departure of Chief Financial Officer and Appoints Peter Lee as Interim Chief Financial Officer

Karat Packaging, Inc. (KRT) CEO Alan Yu on Q2 2021 Results - Earnings Call Transcript

Net Sales Advance 11.6 Percent Over Prior Year and 69.4 Percent, Excluding Last Year's Sales of PPE-Related Products Net Sales Advance 11.6 Percent Over Prior Year and 69.4 Percent, Excluding Last Year's Sales of PPE-Related Products

Karat Packaging Reports 2021 Second Quarter Financial Results

CHINO, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products and related items, today announced it will release its 2021 second quarter financial results after market close on Thursday, August 12, 2021. The Company will host an investor conference call the same day.

Karat Packaging to Report 2021 Second Quarter Financial Results and Host Conference Call on Thursday, August 12, 2021

Karat Packaging (KRT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Karat Packaging (KRT) Stock Stands Out in a Strong Industry

CHINO, Calif., June 03, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products and related items, today announced that Alan Yu, its chief executive officer, will present at the Stifel Virtual Cross Sector Insight Conference on June 10, 2021, at 12:40 p.m. ET.

Karat Packaging to Present at Stifel Cross Sector Insight Conference, June 10 at 12:40 p.m. ET

CHINO, Calif., May 28, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it expects net sales for the 2021 second quarter to be in the range of $92 million to $94 million, as it continues to raise prices due to higher demand.

Karat Packaging Provides Financial Outlook for Second Quarter 2021

Karat Packaging's (KRT) CEO Alan Yu on Q1 2021 Results - Earnings Call Transcript

CHINO, Calif., May 27, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2021 first quarter ended March 31, 2021.

Karat Packaging Reports 2021 First Quarter Financial Results

CHINO, Calif., April 23, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally-friendly disposable foodservice products and related items, today announced that the underwriters of its previously announced initial public offering (“IPO”) of 3,950,000 shares of its common stock have fully exercised their option to purchase an additional 592,500 shares of Karat Packaging common stock at the IPO price of $16.00 per share, resulting in additional gross proceeds of approximately $9.5 million, less underwriting discounts and commissions. The initial closing of the offering occurred on April 19, 2021 and the closing of the shares purchased in the over-allotment option occurred on April 23, 2021.

Karat Packaging Inc. Announces Exercise and Closing of Over-Allotment Option in Public Offering

CHINO, Calif., April 19, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally-friendly disposable foodservice products and related items, today announced the closing of its previously announced initial public offering of 3,950,000 shares of its common stock at a price to the public of $16.00 per share. Gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $63.2 million. The shares sold in the offering began trading on the Nasdaq Global Select Market under the symbol “KRT” on April 15, 2021.

Karat Packaging Inc. Announces Closing of Initial Public Offering

Karat Packaging has seen a lackluster debut as a publicly traded company. The company has an impressive growth track record and smartly positions itself to environmentally friendlier alternatives.

Karat Packaging: Disposable Products, But Perhaps A Keeper

Karat Packaging Inc. said Thursday it initial public offering priced at $16 a share, below its proposed price range of $18 to $20. The maker of environmentally friendly disposable food product packaging sold 3.95 million shares to raise $63.2 million.

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