Karat Packaging Inc. (KRT)
Karat Packaging Inc. operates in the Packaging & Containers industry of the Consumer Cyclical sector, headquartered in Chino, CA, US. The stock last traded at $53.09, down 1.98% on the session, giving a market capitalisation of $1.06B. On trailing twelve-month figures it carries a trailing P/E of 21.15, a net margin of 10.2%. Its beta of 0.81 implies it has historically moved less than the broad market.
Karat Packaging Inc. is a company dedicated to the manufacturing and distribution of various single-use consumables. These items, crafted from materials such as traditional plastics, paper, and environmentally friendly biopolymer-based or other compostable forms, are primarily intended for use across the restaurant and broader foodservice sectors. Its product range is extensive, encompassing items like containers for food and carry-out orders, packaging bags, general tableware, drinking cups, matching lids, disposable cutlery, straws, specialized beverage components, necessary equipment, and protective gloves, many of which are sold under its "Karat Earth" label. The company supplies its merchandise to a diverse clientele, including national and regional wholesale distributors, large restaurant groups, retail outlets, and direct online purchasers. Furthermore, Karat Packaging offers supplementary services such as innovation in new product lines, graphic design, custom printing, and comprehensive logistics solutions. The firm was established in 2000 and operates from its main office situated in Chino, California.
Karat Packaging Inc. is most often compared with the following Consumer Cyclical names: