<p>Karat Packaging, Inc. ((KRT)) 举行了第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
<h3>认识您的 ETF AI 分析师</h3>
<ul>
<li>了解 TipRanks 的 <em>ETF</em> AI 分析师如何帮助您做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> AI 分析师</strong> 对您关注的 ETF 的见解。</li>
</ul>
<p>尽管面临强劲的销售增长和战略扩张的背景，Karat Packaging, Inc. 在最近的财报电话会议中仍然面临重大挑战。公司报告称利润率下降、净收入减少以及零售渠道疲软。然而，推出股票回购计划和扩展新产品类别表明对未来增长的谨慎乐观，尽管当前的财务压力有所制约。</p>
<h2>创纪录的净销售增长</h2>
<p>Karat Packaging 实现了创纪录的净销售，年同比增长超过 10%。这一增长得益于稳健的销量扩张、良好的产品组合和有效的定价举措，展示了公司有效利用市场机会的能力。</p>
<h2>纸袋业务扩展</h2>
<p>公司获得了一项重要的业务附加，供应纸袋，预计每年将贡献约 2000 万美元的收入。计划在未来两到三年内将该业务规模扩大到 1 亿美元，强调了多元化和增强产品供应的战略举措。</p>
<h2>成功的采购多元化</h2>
<p>Karat Packaging 已将国内采购比例提高至 20%，并将来自台湾的进口减少至 42%。这一战略转变有助于有效管理供应链，尽管面临更高的进口成本，并使公司能够更好地应对全球贸易动态。</p>
<h2>首个股票回购计划</h2>
<p>Karat Packaging 宣布了一项 1500 万美元的股票回购计划，这一举措表明对未来增长前景的信心。该计划反映了公司对提升股东价值的承诺，并强调了其强健的财务状况。</p>
<h2>毛利率下降</h2>
<p>公司的毛利率从去年的 38.6% 降至 34.5%，主要由于更高的进口成本和关税。这一下降突显了公司在保持盈利能力方面面临的财务压力，尤其是在经济条件严峻的情况下。</p>
<h2>营业收入下降</h2>
<p>营业收入下降至 860 万美元，低于去年同期的 1130 万美元。这一下降反映了影响公司底线的更广泛财务挑战。</p>
<h2>净收入和 EBITDA 下降</h2>
<p>2025 年第三季度的净收入为 760 万美元，低于去年的 930 万美元。调整后的 EBITDA 也有所下降，从 1470 万美元降至 1310 万美元，反映了公司正在应对的持续财务压力。</p>
<h2>零售渠道疲软</h2>
<p>对零售渠道的销售较去年同期下降了 12.5%，突显了整体零售行业的疲软。这一下降强调了在这一细分市场中保持销售势头所面临的挑战。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Karat Packaging 提供了几个关键指标和即将到来的指导。公司预计第四季度净销售将比去年增长 10% 至 14%，毛利率预计将在 33% 至 35% 之间。调整后的 EBITDA 利润率预计将在 8% 至 10% 之间。此外，预计一项新的为期两年的纸袋供应合同将显著贡献收入，目标是在未来两到三年内将该业务规模扩大到每年超过 1 亿美元。董事会批准的季度股息和股票回购计划的启动进一步反映了对持续增长的信心。</p>
<p>总之，尽管 Karat Packaging, Inc. 面临显著的财务挑战，但公司的战略举措和扩展为谨慎乐观提供了基础。财报电话会议突显了前方的障碍和机遇，重点在于利用增长前景和提升股东价值。</p>

<p>Karat Packaging, Inc. 发布了其第三季度财报，尽管面临利润下降和净收入减少等挑战，净销售额仍增长超过 10%。公司宣布了一项 1500 万美元的股票回购计划，并计划扩展其纸袋业务，目标是实现 1 亿美元的年收入。然而，毛利率下降至 34.5%，净收入减少至 760 万美元。展望未来，Karat 预计第四季度净销售额将增长 10-14%，并对通过战略举措和提升股东价值实现未来增长保持乐观</p>

<p>Karat Packaging, Inc. ((KRT)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Karat Packaging, Inc. ((KRT)) 举行了第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Meet Your ETF AI Analyst</h3>
<div class="lb-trans"><h3>认识您的 ETF AI 分析师</h3>
</div><ul>
<li>Discover how TipRanks' <em>ETF</em> AI Analyst can help you make smarter investment decisions</li>
<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
</ul>
<div class="lb-trans"><ul>
<li>了解 TipRanks 的 <em>ETF</em> AI 分析师如何帮助您做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> AI 分析师</strong> 对您关注的 ETF 的见解。</li>
</ul>
</div><p>Despite a backdrop of strong sales growth and strategic expansions, Karat Packaging, Inc. navigated significant challenges in its recent earnings call. The company reported decreased margins, lower net income, and softness in the retail channel. However, the introduction of a stock repurchase program and expansion into new product categories signal a cautious optimism for future growth, albeit tempered by current financial pressures.</p>
<div class="lb-trans"><p>尽管面临强劲的销售增长和战略扩张的背景，Karat Packaging, Inc. 在最近的财报电话会议中仍然面临重大挑战。公司报告称利润率下降、净收入减少以及零售渠道疲软。然而，推出股票回购计划和扩展新产品类别表明对未来增长的谨慎乐观，尽管当前的财务压力有所制约。</p>
</div><h2>Record Net Sales Growth</h2>
<div class="lb-trans"><h2>创纪录的净销售增长</h2>
</div><p>Karat Packaging achieved a milestone with record net sales, marking an impressive increase of over 10% year-over-year. This growth was driven by solid volume expansion, a favorable product mix, and effective pricing initiatives, showcasing the company’s ability to leverage market opportunities effectively.</p>
<div class="lb-trans"><p>Karat Packaging 实现了创纪录的净销售，年同比增长超过 10%。这一增长得益于稳健的销量扩张、良好的产品组合和有效的定价举措，展示了公司有效利用市场机会的能力。</p>
</div><h2>Expansion in Paper Bag Business</h2>
<div class="lb-trans"><h2>纸袋业务扩展</h2>
</div><p>The company secured a significant business add-on to supply paper bags, which is expected to contribute approximately $20 million in annual revenue. Plans are in place to scale this segment to $100 million within the next two to three years, underscoring a strategic move to diversify and strengthen its product offerings.</p>
<div class="lb-trans"><p>公司获得了一项重要的业务附加，供应纸袋，预计每年将贡献约 2000 万美元的收入。计划在未来两到三年内将该业务规模扩大到 1 亿美元，强调了多元化和增强产品供应的战略举措。</p>
</div><h2>Successful Sourcing Diversification</h2>
<div class="lb-trans"><h2>成功的采购多元化</h2>
</div><p>Karat Packaging has increased its domestic sourcing to 20% and reduced imports from Taiwan to 42%. This strategic shift aids in managing the supply chain effectively, despite facing higher import costs, and positions the company to better navigate global trade dynamics.</p>
<div class="lb-trans"><p>Karat Packaging 已将国内采购比例提高至 20%，并将来自台湾的进口减少至 42%。这一战略转变有助于有效管理供应链，尽管面临更高的进口成本，并使公司能够更好地应对全球贸易动态。</p>
</div><h2>First-Ever Stock Repurchase Program</h2>
<div class="lb-trans"><h2>首个股票回购计划</h2>
</div><p>In a move that signals confidence in its future growth prospects, Karat Packaging announced a $15 million stock repurchase program. This initiative reflects the company’s commitment to enhancing shareholder value and underscores its robust financial health.</p>
<div class="lb-trans"><p>Karat Packaging 宣布了一项 1500 万美元的股票回购计划，这一举措表明对未来增长前景的信心。该计划反映了公司对提升股东价值的承诺，并强调了其强健的财务状况。</p>
</div><h2>Decreased Gross Margin</h2>
<div class="lb-trans"><h2>毛利率下降</h2>
</div><p>The company’s gross margin decreased to 34.5% from 38.6% in the prior year, primarily due to higher import costs and tariffs. This decline highlights the financial pressures the company faces in maintaining profitability amidst challenging economic conditions.</p>
<div class="lb-trans"><p>公司的毛利率从去年的 38.6% 降至 34.5%，主要由于更高的进口成本和关税。这一下降突显了公司在保持盈利能力方面面临的财务压力，尤其是在经济条件严峻的情况下。</p>
</div><h2>Decline in Operating Income</h2>
<div class="lb-trans"><h2>营业收入下降</h2>
</div><p>Operating income saw a decline, falling to $8.6 million from $11.3 million in the previous year quarter. This decrease is indicative of the broader financial challenges impacting the company’s bottom line.</p>
<div class="lb-trans"><p>营业收入下降至 860 万美元，低于去年同期的 1130 万美元。这一下降反映了影响公司底线的更广泛财务挑战。</p>
</div><h2>Net Income and EBITDA Decline</h2>
<div class="lb-trans"><h2>净收入和 EBITDA 下降</h2>
</div><p>Net income for Q3 2025 was reported at $7.6 million, down from $9.3 million in the prior year. Adjusted EBITDA also saw a decline, reaching $13.1 million from $14.7 million, reflecting the ongoing financial pressures the company is navigating.</p>
<div class="lb-trans"><p>2025 年第三季度的净收入为 760 万美元，低于去年的 930 万美元。调整后的 EBITDA 也有所下降，从 1470 万美元降至 1310 万美元，反映了公司正在应对的持续财务压力。</p>
</div><h2>Softness in Retail Channel</h2>
<div class="lb-trans"><h2>零售渠道疲软</h2>
</div><p>Sales to the retail channel were down 12.5% compared to the prior year quarter, highlighting the softness in the overall retail sector. This decline underscores the challenges faced in maintaining sales momentum in this segment.</p>
<div class="lb-trans"><p>对零售渠道的销售较去年同期下降了 12.5%，突显了整体零售行业的疲软。这一下降强调了在这一细分市场中保持销售势头所面临的挑战。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Karat Packaging provided several key metrics and guidance for the upcoming period. The company anticipates net sales for Q4 to increase by 10% to 14% over the previous year, with a gross margin projected to remain between 33% to 35%. Adjusted EBITDA margin is expected to be between 8% to 10%. Additionally, a new two-year contract to supply paper bags is projected to contribute significantly to revenue, aiming to scale this business to over $100 million annually in the next two to three years. The Board’s approval of a quarterly dividend and the initiation of a share repurchase program further reflect confidence in sustained growth.</p>
<div class="lb-trans"><p>展望未来，Karat Packaging 提供了几个关键指标和即将到来的指导。公司预计第四季度净销售将比去年增长 10% 至 14%，毛利率预计将在 33% 至 35% 之间。调整后的 EBITDA 利润率预计将在 8% 至 10% 之间。此外，预计一项新的为期两年的纸袋供应合同将显著贡献收入，目标是在未来两到三年内将该业务规模扩大到每年超过 1 亿美元。董事会批准的季度股息和股票回购计划的启动进一步反映了对持续增长的信心。</p>
</div><p>In summary, while Karat Packaging, Inc. faces notable financial challenges, the company’s strategic initiatives and expansions provide a foundation for cautious optimism. The earnings call highlighted both the hurdles and opportunities ahead, with a focus on leveraging growth prospects and enhancing shareholder value.</p>
<div class="lb-trans"><p>总之，尽管 Karat Packaging, Inc. 面临显著的财务挑战，但公司的战略举措和扩展为谨慎乐观提供了基础。财报电话会议突显了前方的障碍和机遇，重点在于利用增长前景和提升股东价值。</p>
</div>

Karat Packaging 的财报电话会议：在挑战中实现增长