Karat Packaging reports a 3.1% Q4 net sales increase to $95.6m, gross profit up 14.9% to $34.1m; full-year net sales down 4.
Karat Packaging, an eco-friendly foodservice products distributor, reported a 3.1% increase in Q4 net sales to $95.6m, with gross profit up 14.9% to $34.1m. Full-year net sales dropped 4.1% to $405.7m, but gross margin rose to 37.7%. The company expects a low to mid-single-digit percentage increase in Q1 net sales and an 8-15% increase in full-year 2024 net sales, with a gross margin goal of 35-38%.
March 14, 2024
3 Articles