Karat Packaging Inc. (KRT) Misses Q2 EPS by 3c

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Go back to Karat Packaging Inc. (KRT) Misses Q2 EPS by 3c

Karat Packaging Reports 2022 Second Quarter Financial Results

August 11, 2022 4:06 PM EDT

Record Quarterly Revenue of $114.9 Million with Continued Strengthening in Profitability

Reiterates Revenue and Gross Margin Outlook for 2022

CHINO, Calif., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (Karat), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its quarter ended June 30, 2022.

Second Quarter 2022 Highlights

Record quarterly net sales of $114.9 million, up 21.5 percent from the prior-year quarter.Gross profit of $34.0 million, up 20.9 percent from the prior-year quarter.Gross margin of... More