Karat Packaging/$KRT

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About Karat Packaging

Karat Packaging Inc is engaged in the manufacturing and distribution of disposable products used in restaurants and food service settings. The company operates and evaluates its business as a single reportable segment which encompasses the manufacturing and distribution of a diverse range of single-use food and beverage service products made from materials such as plastic, paper, biopolymer-based, and other compostable forms. The company offers products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. These products are available in plastic, paper, biopolymer-based and other compostable forms. Its product line includes a variety of brands such as Tea Zone, Karat, Karat Earth, and Total Clean.

Ticker

$KRT
Primary listing

Industry

Trading Companies & Distributors

Employees

702

ISIN

US48563L1017

Karat Packaging Metrics

BasicAdvanced
$555M
18.42
$1.50
1.09
$1.80
6.52%

What the Analysts think about Karat Packaging

Analyst ratings (Buy, Hold, Sell) for Karat Packaging stock.

Bulls say / Bears say

Karat Packaging has consistently increased its quarterly cash dividend, with the most recent raise to $0.45 per share, reflecting strong financial health and a commitment to returning value to shareholders. (stocktitan.net)
The company reported a 6.9% year-over-year increase in net sales for Q3 2024, driven by a 9.9% growth in volume, indicating robust demand for its products. (stocktitan.net)
Karat Packaging's gross profit increased by 11.7% to $43.5 million in Q3 2024, with gross margin improving to 38.6%, showcasing effective cost management and operational efficiency. (stocktitan.net)
The company experienced a 5.3% decline in net sales during Q2 2023, attributed to pricing reductions and decreased logistics and shipping revenue, which could signal potential challenges in maintaining pricing power. (seekingalpha.com)
Wellington Management Group LLP reduced its stake in Karat Packaging by 18.5% during the fourth quarter, possibly indicating decreased confidence from institutional investors. (marketbeat.com)
Truist Financial downgraded Karat Packaging from a 'buy' to a 'hold' rating and lowered the price target from $34.00 to $28.00, suggesting tempered expectations for the company's stock performance. (americanbankingnews.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Jun 2025.

Karat Packaging Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Karat Packaging Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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