Karat Packaging Reports Q3 Earnings Miss on EPS and Revenue
Karat Packaging (KRT) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of $0.24, missing estimates by $0.22. While revenue grew 8.2% year-over-year to reach $134.7 million, this figure also missed consensus projections by approximately $5.63 million. Despite the quarterly miss, management provided forward-looking guidance for the upcoming fiscal period. The company expects net sales for the fourth quarter of 2026 to increase between 9% and 11% compared to the same period in the previous year.
Tickers: $KRT