KRT · CIK 0001758021 · operating
Karat Packaging manufactures and distributes single-use disposable products for foodservice and restaurant applications. The company produces items in plastic, paper, biopolymer, and compostable materials, including food containers, takeout boxes, cups, lids, cutlery, straws, bags, tableware, and gloves sold under the Karat Earth brand. The product portfolio also extends to janitorial and warehouse supplies and specialty items such as gloves and utensils. Beyond manufacturing, Karat provides ancillary services including new product development, custom design, printing, and logistics support for its customers.
The company serves multiple distribution channels, selling through national and regional distributors, restaurant chains, retail establishments, and direct-to-consumer online channels. A secondary revenue stream comes from the distribution of food and beverage items, including syrups, boba tea, and coffee drinks. This diversification across product categories and sales channels allows the company to serve different customer segments within the broader foodservice ecosystem.
Based in Chino, California, Karat Packaging operates with approximately 683 full-time employees. The company was founded in 2000 and is incorporated in Delaware, with operations structured to support its distribution footprint across the United States.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $1.49 | $1.50 | -8.6% | |
| 2023 | $1.63 | $1.63 | +37.0% | |
| 2022 | $1.19 | $1.19 | +6.2% | |
| 2021 | $1.12 | $1.13 | — |