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Karat Packaging (KRT) Q1 Earnings & Revenues Miss Estimates
KRTKarat(KRT) Zacks Investment Research·2024-05-15 00:46

Karat Packaging, Inc. (KRT) reported first-quarter 2024 adjusted earnings per share (EPS) of 40 cents, missing the Zacks Consensus Estimate of 44 cents. The bottom line declined 11% from earnings of 45 cents in the year-ago quarter. Including one-time items, EPS was 31 cents compared with the year-ago quarter's 45 cents. Total revenues decreased 0.2% year over year to 96millioninthereportedquarter.ThetoplinemissedtheZacksConsensusEstimateof96 million in the reported quarter. The top line missed the Zacks Consensus Estimate of 100 million. The year-over-year decline was led by ...