Karat Packaging Q2 FY26 net income more than doubled to $29.6 million; net sales rise 9.9% to $136.3 million

Reuters2026/08/06 21:00

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Karat Packaging posted Q2 net income of USD 29.6 million, more than doubled from a year earlier, boosted by USD 20.2 million in IEEPA tariff refunds.
Net sales rose 9.9% to USD 136.3 million, led by online sales growth of 23.6%.
Gross margin widened to 56.6% from 39.6%, including a 18.9 percentage-point lift from IEEPA tariff refunds.
Diluted EPS climbed to USD 1.46, including USD 1 per share from IEEPA tariff refunds.
Management said it is finalizing a lease for a 47,000-square-foot Orlando distribution center, expected to be operational in Q3.

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: 202608061610PRIMZONEFULLFEED9804817) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Karat Packaging Q2 FY26 net income more than doubled to $29.6 million; net sales rise 9.9% to $136.3 million

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