Karat Packaging Inc. (KRT) Misses Q3 EPS by 8c

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Go back to Karat Packaging Inc. (KRT) Misses Q3 EPS by 8c

Karat Packaging Reports 2022 Third Quarter Financial Results

November 10, 2022 4:10 PM EST

CHINO, Calif., Nov. 10, 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 third quarter and nine-months ended September 30, 2022.

Third Quarter 2022 Highlights

Net sales of $110.0 million, up 7.1 percent from the prior-year quarter.Gross profit of $34.2 million, up 14.7 percent from the prior-year quarter.Gross margin of 31.1 percent, increased from 29.0 percent from the prior-year quarter.Net income of $6.2 million, up 51.1 percent from the prior-year quarter.Net... More