NASDAQ$KRT
Karat Packaging Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported record fourth quarter net sales and continued margin expansion.
Karat Packaging, Inc. reported strong Q4 2021 results with a 30% increase in net sales to $91.3 million and a gross margin increase of 360 basis points to 31%. The company achieved $10.9 million in adjusted EBITDA, representing an 11.9% adjusted EBITDA margin. Looking ahead, Karat Packaging is targeting net sales for Q1 2022 to be in the range of $101 million to $103 million, and expects full-year 2022 sales to grow 17% to 19% over 2021.
- Net sales for the fourth quarter increased 30% year-over-year to $91.3 million.
- Online sales posted the highest percentage increase, up 56% year-over-year.
- Gross margin increased 360 basis points to 31% over the same quarter last year.
- Net income increased more than threefold to $6 million.
Headline financials
Revenue & EPS history
Karat Packaging · Revenue · Quarterly
$91.3M
Revenue by segment
Karat Packaging · $82.1M total across 3 segments · Q3 2023
- Chains and distributors$61M-4.0%74.3%
- Online$14.3M+1.6%17.4%
- Retail$6.81M-19.3%8.3%
Forward guidance
Karat Packaging is targeting net sales for the first quarter of 2022 to be in the range of $101 million to $103 million, representing approximately 35% growth at the midpoint of the range compared to the same period last year. For the full year 2022, the company expects sales to grow 17% to 19% over 2021.
Tailwinds
- Targeting net sales for Q1 2022 to be in the range of $101 million to $103 million, up about 35% at the midpoint
- Expect sales to grow 17% to 19% over 2021 for the full 2022 year
- Food service sector is continuing to experience steady increase in consumer spending
- Demand for environmentally friendly products continue to grow
- Leased 14 trucks and trailers to expand third-party logistics services
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 Q4 2021
-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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