Karat Packaging (KRT) Q4 Earnings Miss Mark, Revenues Up Y/Y [Yahoo! Finance]
Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
The bottom line declined 20% from earnings of 30 cents per share reported in the year-ago quarter. Including one-time items, earnings per share were 19 cents compared with the year-ago quarter's 23 cents. Total revenues increased 3% year over year to $95.6 million in the reported quarter. The top line surpassed the Zacks Consensus Estimate of $95.5 million. The year-over-year improvement included the impact of $6.4 million from the adjustment of online sales platform fees and volume growth of 7.3%. However, year-over-year unfavorable pricing comparisons and start-up delays into 2024 by several new national and regional chain accounts negated some of these gains. Karat Packaging Inc. Price, Consensus and EPS Surprise Karat Packaging Inc. price-consensus-eps-surprise-chart | Karat Packaging Inc. Quote Operational Update The cost of sales decreased 2.5% year over year to $61 million. Gross profit increased 15% year over year to $34 million. The gross margin was 35.7% in the r
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KRT
News
- Karat Packaging to Report 2024 First Quarter Financial Results and Host Conference Call on Thursday, May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- Karat Packaging to Report 2024 First Quarter Financial Results and Host Conference Call on Thursday, May 9, 2024GlobeNewswire
- What Is Karat Packaging Inc.'s (NASDAQ:KRT) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- Plastic Cutlery Market Demand Embellished from Fast Food Service Industry: Expected to Reach at a US$ 1.9 Billion by 2034, with a CAGR of 2.80% | Future Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc. (NASDAQ: KRT) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $32.00 price target on the stock, up previously from $30.00.MarketBeat
KRT
Earnings
- 3/14/24 - Miss
KRT
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 3/15/24 - Form 10-K
- KRT's page on the SEC website