Karat Packaging Q3 net income drops 38% to $4.73 million; Q3 net sales rise 8% to $134.74 million

• Karat Packaging’s third-quarter 2026 diluted earnings fell 39% year over year to $0.22 per share.
• Net sales rose 8% to $134.7 million, primarily driven by volume growth and product mix.
• Higher import and domestic shipping costs, along with elevated resin prices, pressured margins and contributed to results below management’s expectations.
• Four additional chain accounts secured during the quarter are expected to begin receiving shipments in the first half of 2027.
• Fourth-quarter 2026 guidance calls for net sales growth of 9%–11% year over year and gross margin of 33%–35%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Karat Packaging Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611051610PRIMZONEFULLFEED9871695) on November 05, 2026, and is solely responsible for the information contained therein.