Karat Packaging Inc. manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based and other compostable forms primarily used in restaurants and foodservice areas. It offers food and take-out containers, bags, tableware, cups, lids, cutlery, and straws under the Karat and Karat Earth names. The company offers its products to domestic and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat Packaging Inc. was founded in 2000 and is headquartered in Chino, California.
IPO Year: 2021
Exchange: NASDAQ
Website: karatpackaging.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/2/2025 | Outperform → Mkt Perform | William Blair | |
| 8/9/2024 | $34.00 → $28.00 | Buy → Hold | Truist |
| 1/4/2023 | $22.00 | Buy | Lake Street |
CHINO, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2025 first quarter financial results after market close on Thursday, May 8, 2025. The Company will host an investor conference call on the same day. Call Date: Thursday, May 8, 2025Time: 2:00 p.m. PT/5:00 p.m. ETPhone: 877-418-4045 (domestic); 412-317-6745 (international)Conference ID: Karat Packaging Inc.Webcast: Accessible at https://irkarat.com/events-presentations/; archive available for approximately one year Abou
— Robust Growth, Including Record Full Year Gross Margin, as Business Continues to Expand — CHINO, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales of $101.6 million, up 6.3 percent, from $95.6 million in the prior-year quarter.Gross profit of $39.8 million, up 16.8 percent, from $34.1 million in prior-year quarter.Gross margin of 39.2 percent versus 35.7 percent in the prior-ye
CHINO, Calif., March 04, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced it has signed a lease agreement for a 187,000 square-foot warehouse and distribution center in Chino, California. This facility is in close proximity to the Company's headquarters and nearly doubles the size of its current distribution capabilities in Chino. It will increase needed capacity to support growth and improve inventory management, ensuring faster delivery times. "The new warehouse supports our growth strategy, giving us capacity ahead of our summer peak seas
CHINO, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2024 fourth quarter and full year financial results after market close on Thursday, March 13, 2025. The Company will host an investor conference call on the same day. Call Date: Thursday, March 13, 2025Time: 2:00 p.m. PT/5:00 p.m. ETPhone: 646-307-1963 (domestic); 800-715-9871 (international)Conference ID: 4630795Conference ID: Karat Packaging Inc.Webcast: Accessible at https://irkarat.com/events-presentations/; archive avai
CHINO, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors approved the payment of a regular quarterly dividend of $0.45 per share on the Company's common stock, reflecting an increase from the previous quarterly dividend of $0.40 per share. The dividend is payable on or about February 28, 2025, to the stockholders of record as of February 24, 2025. About Karat Packaging Inc. Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of disposable foodservice products and relat
CHINO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $112.8 million, up 6.9 percent from the prior-year quarter.Gross profit of $43.5 million, up 11.7 percent from prior-year quarter.Gross margin of 38.6 percent versus 36.9 percent in the prior-year quarter.Net income of $9.3 million, up 1.3 percent from the prior-year quarter.Net income margin of 8.2 percent versus 8.7 pe
CHINO, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2024 third quarter financial results after market close on Thursday, November 7, 2024. The Company will host an investor conference call on the same day. Call Date: Thursday, November 7, 2024Time: 2:00 p.m. PT/5:00 p.m. ETPhone: 646-307-1963 (domestic); 800-715-9871 (international)Conference ID: 1191729Webcast: Accessible at https://irkarat.com/events-presentations/; archive available for approximately one year About Kar
CHINO, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that Alan Yu, its chief executive officer, and Jian Guo, its chief financial officer, will participate at Lake Street Capital Market's 8th Annual Best Ideas Growth (BIG8) Conference in New York, on September 12, 2024. Management will conduct one-on-one meetings with investors during the conference. To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact a representative at Lake Street Capital Markets. About Karat Packaging Inc. Karat Packagin
CHINO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $112.6 million, versus $108.7 million in the prior-year quarter.Gross profit of $43.4 million, versus $41.9 million in the prior-year quarter.Gross margin of 38.5 percent, equal to that of the prior-year quarter.Net income of $9.2 million, versus $10.7 million in the prior-year quarter.Net income margin of 8.2 percent, vers
CHINO, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors has approved payment of a regular quarterly cash dividend of $0.35 per share. The board also declared a special cash dividend of $0.15 per share on the Company's common stock. Both dividends are payable on or about August 30, 2024, to shareholders of record at the close of business on August 21, 2024. "These distributions reflect Karat's strong cash position and positive long-term outlook," said Alan Yu, chief executive officer. "Our board re
CHINO, Calif., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced the appointment of its Chief Financial Officer, Jian Guo, to the board of directors, effective immediately, filling a vacant seat. Ms. Guo will continue in her role as Chief Financial Officer. Ms. Guo joined Karat in February 2022 with deep experience in the public company marketplace. Previously, she was senior vice president and corporate controller at Resources Connection, Inc., a Nasdaq-listed global consulting firm, and was senior director, financial reporting, at
CHINO, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its Chief Operating Officer, Joanne Wang, will retire as an officer effective December 1, 2023. Wang also will relinquish her seat on the Company's five-person board, which will remain vacant until a successor is appointed. "Joanne was among Karat's first employees and played an instrumental role in the Company's growth and development over the past twenty-plus years," said Alan Yu, Chief Executive Officer. "Joanne's dedication, mentorship, and distinguished contrib
CHINO, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced the appointment of Jian Guo as chief financial officer, effective immediately. Ms. Guo succeeds Peter Lee, who has served as interim CFO since October 2021, and will stay on through March 31, 2022, as an advisor to the company to ensure an orderly transition. Prior to joining Karat Packaging, Ms. Guo was senior vice president and corporate controller at Resources Connection, Inc., a Nasdaq-listed global consulting firm, and was senior director, financial reporting at Newe
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CHINO, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2025 first quarter financial results after market close on Thursday, May 8, 2025. The Company will host an investor conference call on the same day. Call Date: Thursday, May 8, 2025Time: 2:00 p.m. PT/5:00 p.m. ETPhone: 877-418-4045 (domestic); 412-317-6745 (international)Conference ID: Karat Packaging Inc.Webcast: Accessible at https://irkarat.com/events-presentations/; archive available for approximately one year Abou
— Robust Growth, Including Record Full Year Gross Margin, as Business Continues to Expand — CHINO, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales of $101.6 million, up 6.3 percent, from $95.6 million in the prior-year quarter.Gross profit of $39.8 million, up 16.8 percent, from $34.1 million in prior-year quarter.Gross margin of 39.2 percent versus 35.7 percent in the prior-ye
CHINO, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2024 fourth quarter and full year financial results after market close on Thursday, March 13, 2025. The Company will host an investor conference call on the same day. Call Date: Thursday, March 13, 2025Time: 2:00 p.m. PT/5:00 p.m. ETPhone: 646-307-1963 (domestic); 800-715-9871 (international)Conference ID: 4630795Conference ID: Karat Packaging Inc.Webcast: Accessible at https://irkarat.com/events-presentations/; archive avai
CHINO, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors approved the payment of a regular quarterly dividend of $0.45 per share on the Company's common stock, reflecting an increase from the previous quarterly dividend of $0.40 per share. The dividend is payable on or about February 28, 2025, to the stockholders of record as of February 24, 2025. About Karat Packaging Inc. Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of disposable foodservice products and relat
CHINO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $112.8 million, up 6.9 percent from the prior-year quarter.Gross profit of $43.5 million, up 11.7 percent from prior-year quarter.Gross margin of 38.6 percent versus 36.9 percent in the prior-year quarter.Net income of $9.3 million, up 1.3 percent from the prior-year quarter.Net income margin of 8.2 percent versus 8.7 pe
CHINO, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2024 third quarter financial results after market close on Thursday, November 7, 2024. The Company will host an investor conference call on the same day. Call Date: Thursday, November 7, 2024Time: 2:00 p.m. PT/5:00 p.m. ETPhone: 646-307-1963 (domestic); 800-715-9871 (international)Conference ID: 1191729Webcast: Accessible at https://irkarat.com/events-presentations/; archive available for approximately one year About Kar
CHINO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $112.6 million, versus $108.7 million in the prior-year quarter.Gross profit of $43.4 million, versus $41.9 million in the prior-year quarter.Gross margin of 38.5 percent, equal to that of the prior-year quarter.Net income of $9.2 million, versus $10.7 million in the prior-year quarter.Net income margin of 8.2 percent, vers
CHINO, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors has approved payment of a regular quarterly cash dividend of $0.35 per share. The board also declared a special cash dividend of $0.15 per share on the Company's common stock. Both dividends are payable on or about August 30, 2024, to shareholders of record at the close of business on August 21, 2024. "These distributions reflect Karat's strong cash position and positive long-term outlook," said Alan Yu, chief executive officer. "Our board re
CHINO, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2024 second quarter financial results after market close on Thursday, August 8, 2024. The Company will host an investor conference call on the same day. Call Date:Thursday, August 8, 2024Time:2:00 p.m. PT/5:00 p.m. ETPhone:646-307-1963 (domestic); 800-715-9871 (international)Conference ID:4261013Webcast:Accessible athttps://irkarat.com/events-presentations/; archive available for approximately one year About Karat Packaging
CHINO, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales of $95.6 million, versus $95.8 million in the prior-year quarter.Gross profit of $37.6 million, versus $38.1 million in the prior-year quarter.Gross margin of 39.3 percent versus 39.8 percent in the prior-year quarter.Net income of $6.5 million, including a negative tax-effected impact of $1.5 million from a non-cash impairment of an operat
William Blair downgraded Karat Packaging from Outperform to Mkt Perform
Truist downgraded Karat Packaging from Buy to Hold and set a new price target of $28.00 from $34.00 previously
Lake Street initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $22.00
William Blair initiated coverage of Karat Packaging with a rating of Outperform
DA Davidson initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $24.00
Truist Securities initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $24.00
Stifel initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $25.00
Truist initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $25.00
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