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Karat Packaging Inc. - $KRT STOCK NEWS

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

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. announces proposed public offering of common stock by certain members of management team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.29%
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Rhea-AI Summary
Karat Packaging appoints Jian Guo as a board member and CFO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.59%
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management
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Rhea-AI Summary
Karat Packaging Inc. announces retirement of COO and appointment of new CRO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
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management
Rhea-AI Summary
Karat Packaging CEO and CFO to participate at Lake Street Capital Market's conference
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Rhea-AI Sentiment
End-of-Day
4.17%
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conferences
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Rhea-AI Summary
Karat Packaging Inc. announces strong financial results for Q2 2023, with net sales of $108.7 million and gross profit of $41.9 million. Gross margin increased to 38.5% and net income rose by 48.3%. The company expects a decrease in net sales for Q3 2023 but an increase of 10-15% for Q4 2023. Gross margin goal for the full year is 36-37% and eco-friendly product sales objective is 35% of total sales.
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Rhea-AI Sentiment
End-of-Day
3.04%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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conferences earnings
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
2.85%
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conferences
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Rhea-AI Summary
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End-of-Day
4.15%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.57%
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dividends
Karat Packaging Inc.

Nasdaq:KRT

KRT Rankings

KRT Stock Data

552.43M
6.91M
64.94%
26.35%
0.58%
All Other Plastics Product Manufacturing
Manufacturing
Link
United States of America
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