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