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Karat Packaging Inc - KRT STOCK NEWS

Welcome to our dedicated news page for Karat Packaging (Ticker: KRT), a resource for investors and traders seeking the latest updates and insights on Karat Packaging.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Karat Packaging's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Karat Packaging's position in the market.

Rhea-AI Summary
Karat Packaging Inc. (KRT) reports record full-year gross margin and net income as business expands. The fourth quarter 2023 highlights include net sales of $95.6 million, gross profit of $34.1 million, and net income of $4.2 million. The company aims for a low to mid-single-digit increase in first-quarter 2024 sales and a gross margin goal of 37 to 39 percent. Full-year 2024 sales are expected to rise by 8 to 15 percent with a gross margin goal of 35 to 38 percent. Karat's CEO, Alan Yu, highlights a 7.3 percent growth in sales volume and plans for market expansion and operational enhancements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.31%
Tags
-
Rhea-AI Summary
Karat Packaging Inc. to Release 2023 Fourth Quarter and Full Year Financial Results on March 14, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
conferences earnings
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Rhea-AI Summary
Karat Packaging Inc. (NASDAQ: KRT) announces the opening of a new distribution center in Mesa, Arizona, and the expansion of its national salesforce to penetrate key U.S markets. The 44,000 square-foot facility aims to enhance distribution productivity and reduce freight costs for customers in the Southwestern region. The addition of five sales representatives will support the company's marketing efforts to national and regional chain accounts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.06%
Tags
none
Rhea-AI Summary
Karat Packaging Inc. (Nasdaq: KRT) has announced an increase in its regular quarterly dividend from $0.20 to $0.30 per share on its common stock. The dividend reflects the company's commitment to returning value to shareholders and its confidence in its financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.8%
Tags
dividends
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Rhea-AI Summary
Karat Packaging Inc. (Nasdaq: KRT) announced a 49% expansion of net income in its third quarter financial results, with impressive growth in gross profit and adjusted EBITDA. The company also revealed goals for the 2023 fourth quarter, including expected increases in net sales and gross margin. CEO Alan Yu highlighted the success of eco-friendly product sales and online channel growth, as well as the expansion of distribution centers and plans for further market penetration and operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.21%
Tags
-
Rhea-AI Summary
Karat Packaging Inc. (Nasdaq: KRT) announces a 100% increase in its regular quarterly dividend to $0.20 per share on its common stock, reflecting positive financial performance and confidence in future earnings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
Tags
dividends
Rhea-AI Summary
Karat Packaging Inc. to release 2023 Q3 financial results on November 9, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
conferences earnings
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Rhea-AI Summary
Karat Packaging completes expansion of national salesforce and plans for additional distribution centers, enhancing market share and serving more chain accounts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
none
-
Rhea-AI Summary
Karat Packaging Inc. announces pricing of underwritten secondary offering of 1,000,000 shares at $21.00 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.29%
Tags
Rhea-AI Summary
Karat Packaging Inc. announces proposed public offering of common stock by certain members of management team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.29%
Tags
Karat Packaging Inc

Nasdaq:KRT

KRT Rankings

KRT Stock Data

553.82M
6.91M
64.94%
26.35%
0.58%
All Other Plastics Product Manufacturing
Manufacturing
Link
US
Chino

About KRT

lollicup usa domestically manufactures & distributes karat® paper & plastic disposable foodservice products, and tea zone® coffee & beverage supplies for thousands of retail business accounts, including several fortune 500 restaurant franchises. founded in 2000 by alan yu and marvin cheng, lollicup usa began with the opening of our first bubble tea café in san gabriel, ca, bringing the popular taiwanese boba milk tea to the u.s. market. by 2004, over 60 stores were opened across six states. with two new locations in chengdu, china, we are currently updating our existing locations and plan on opening additional stores in the near future, expanding overseas into europe and the middle east. to maintain consistent quality for our retail stores, lollicup usa established two brands, tea zone® and karat®, in 2001 and 2004 respectively. tea zone™ offers high-quality bubble tea & beverage ingredients, while karat® provides premium paper & plastic disposable goods. while expanding our company, w