Karat Packaging (KRT) Stock Dips on Q2 Earnings & Revenue Miss [Yahoo! Finance]
Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
The quarterly adjusted EPS of 49 cents missed the Zacks Consensus Estimate of 60 cents and declined 29% year over year. The downfall was due to unfavorable year-over-year pricing comparison, higher freight costs and an increase in operating expenses in the quarter. Including one-time items, EPS was 45 cents compared with the year-ago quarter's 53 cents. Total revenues increased 3.5% year over year to $112.6 million. The top line missed the Zacks Consensus Estimate of $114 million. The increase primarily reflected higher volumes, a change in product mix and the inclusion of online sales platform fees. This was partially offset by an unfavorable year-over-year pricing comparison. 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 increased 3.5% year over year to $69 million. Gross profit rose 3.7% year over year to $43 million. The gross margin was 38
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KRT
News
- What Is Karat Packaging Inc.'s (NASDAQ:KRT) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- Karat Packaging to Present at Lake Street’s 8th Annual Best Ideas Growth Conference, September 12GlobeNewswire
- Q2 Earnings Outperformers: Karat Packaging (NASDAQ:KRT) And The Rest Of The Specialty Equipment Distributors Stocks [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc. (KRT) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Karat Packaging Inc. (NASDAQ: KRT) was downgraded by analysts at Truist Financial Co. from a "buy" rating to a "hold" rating. They now have a $28.00 price target on the stock, down previously from $34.00.MarketBeat
KRT
Earnings
- 8/8/24 - Miss
KRT
Sec Filings
- 8/20/24 - Form 4
- 8/9/24 - Form 10-Q
- 8/8/24 - Form 8-K
- KRT's page on the SEC website