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KRT - Karat Packaging Non-GAAP EPS of $0.34 misses by $0.03 revenue of $114.88M misses by $2.63M
Karat Packaging Inc.
Karat Packaging press release ( NASDAQ: KRT ): Q2 Non-GAAP EPS of $0.34 misses by $0.03 .
Revenue of $114.88M (+21.5% Y/Y) misses by $2.63M .
Outlook : Net sales for Q3: $117M to $120M vs. consensus of $120.05M; Net sales for FY2022: $445M to $449M vs. consensus of $447.43M; Gross margin goal for FY2022: 31% to 32% on average, including expected impact from freight and duty capitalization for the remainder of 2022.