Karat Packaging Inc. (KRT) Misses Q3 EPS by 4c ; Provides Outlook

Karat Packaging Inc. (NASDAQ: KRT) reported Q3 EPS of $0.45, $0.04 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $112.8 million versus the consensus estimate of $112.5 million.

Guidance

Net sales for the 2024 fourth quarter expected to increase by mid to high single percent from the prior-year quarter.
Gross margin for the 2024 fourth quarter expected to be 39 to 40 percent versus 35.7 percent for the prior-year quarter.

For earnings history and earnings-related data on Karat Packaging Inc. (KRT) click here.

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