NASDAQ$KRT
Karat Packaging Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported record quarterly revenue and strengthened profitability.
Karat Packaging reported a strong second quarter with record net sales of $114.9 million, a 21.5% increase year-over-year, and a gross profit increase of 20.9% to $34.0 million. Net income was $7.2 million, compared to $9.3 million in the prior-year quarter which included a $5 million gain on forgiveness of debt.
- Record quarterly net sales of $114.9 million, up 21.5 percent from the prior-year quarter.
- Gross profit of $34.0 million, up 20.9 percent from the prior-year quarter.
- Net income of $7.2 million, versus $9.3 million in the prior-year quarter which included a gain on forgiveness of debt of $5 million.
- Adjusted EBITDA of $11.8 million, up 14.6 percent from the prior-year quarter.
Headline financials
Revenue & EPS history
Karat Packaging · Revenue · Quarterly
$115M
Revenue by segment
Karat Packaging · $89.8M total across 3 segments · Q2 2022
- Chains and distributors$66.4M+30.3%73.9%
- Online$15.5M+13.0%17.3%
- Retail$7.91M+4.8%8.8%
Forward guidance
The Company expects net sales between $117 million and $120 million for the third quarter of 2022, and between $445 million and $449 million for the full year 2022. The Company expects gross margin between 31% and 32% on average for the full year 2022.
Tailwinds
- Net sales for the 2022 third quarter: $117 million to $120 million, up from $102.7 million for the 2021 third quarter.
- Net sales for the 2022 full year: $445 million to $449 million, versus $364.2 million in 2021.
- Gross margin goal for the 2022 full year: 31 percent to 32 percent on average, including expected impact from freight and duty capitalization for the remainder of 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.7%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+0.8%
Avg return
30 days after
42%
10 / 24 earnings
Positive
+20.7%
Q4 2025
Best reaction
-18.6%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.5% | -10.4% | -6.3% | |
| Q4 2025 | +20.7% | +24.4% | +33.5% | |
| Q3 2025 | -6.1% | -8.5% | -8.5% | |
| Q1 2025 | +10.9% | +10.0% | +14.2% | |
| Q4 2024 | -2.1% | +0.8% | -14.7% | |
| Q3 2024 | -0.1% | +3.5% | +5.3% | |
| Q2 2024 | -14.6% | -7.8% | -13.2% | |
| Q1 2024 | -9.0% | -5.2% | -7.7% | |
| Q4 2023 | -11.8% | -7.2% | -5.7% | |
| Q3 2023 | -18.6% | -9.2% | -5.5% | |
| Q2 2023 | +3.8% | +21.6% | +0.8% | |
| Q1 2023 | +3.6% | +6.2% | +12.5% | |
| Q4 2022 | -1.6% | -6.6% | -6.2% | |
| Q3 2022 | -2.8% | -7.6% | -5.8% | |
| Q2 2022 | +1.2% | +0.1% | +1.2% | |
| Q1 2022 | +11.6% | +16.7% | +10.0% | |
| Q4 2021 | +13.3% | +26.2% | +24.5% | |
| Q3 2020 | -10.6% | -10.8% | -9.7% | |
| Q3 2021 | -7.5% | -7.8% | -7.6% | |
| Q2 2020 | -3.7% | -6.5% | -6.1% | |
| Q2 2021 | -2.6% | -7.6% | -6.2% | |
| Q4 2020 | +6.1% | +3.7% | +6.2% | |
| Q1 2020 | +6.1% | +3.7% | +6.2% | |
| Q1 2021 | +3.5% | +8.2% | +8.2% | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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