<p>Karat Packaging, Inc. ((KRT)) 舉行了第三季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
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<p>儘管面臨強勁的銷售增長和戰略擴張的背景，Karat Packaging, Inc. 在最近的財報電話會議中仍然面臨重大挑戰。公司報告稱利潤率下降、淨收入減少以及零售渠道疲軟。然而，推出股票回購計劃和擴展新產品類別表明對未來增長的謹慎樂觀，儘管當前的財務壓力有所制約。</p>
<h2>創紀錄的淨銷售增長</h2>
<p>Karat Packaging 實現了創紀錄的淨銷售，年同比增長超過 10%。這一增長得益於穩健的銷量擴張、良好的產品組合和有效的定價舉措，展示了公司有效利用市場機會的能力。</p>
<h2>紙袋業務擴展</h2>
<p>公司獲得了一項重要的業務附加，供應紙袋，預計每年將貢獻約 2000 萬美元的收入。計劃在未來兩到三年內將該業務規模擴大到 1 億美元，強調了多元化和增強產品供應的戰略舉措。</p>
<h2>成功的採購多元化</h2>
<p>Karat Packaging 已將國內採購比例提高至 20%，並將來自台灣的進口減少至 42%。這一戰略轉變有助於有效管理供應鏈，儘管面臨更高的進口成本，並使公司能夠更好地應對全球貿易動態。</p>
<h2>首個股票回購計劃</h2>
<p>Karat Packaging 宣佈了一項 1500 萬美元的股票回購計劃，這一舉措表明對未來增長前景的信心。該計劃反映了公司對提升股東價值的承諾，並強調了其強健的財務狀況。</p>
<h2>毛利率下降</h2>
<p>公司的毛利率從去年的 38.6% 降至 34.5%，主要由於更高的進口成本和關税。這一下降突顯了公司在保持盈利能力方面面臨的財務壓力，尤其是在經濟條件嚴峻的情況下。</p>
<h2>營業收入下降</h2>
<p>營業收入下降至 860 萬美元，低於去年同期的 1130 萬美元。這一下降反映了影響公司底線的更廣泛財務挑戰。</p>
<h2>淨收入和 EBITDA 下降</h2>
<p>2025 年第三季度的淨收入為 760 萬美元，低於去年的 930 萬美元。調整後的 EBITDA 也有所下降，從 1470 萬美元降至 1310 萬美元，反映了公司正在應對的持續財務壓力。</p>
<h2>零售渠道疲軟</h2>
<p>對零售渠道的銷售較去年同期下降了 12.5%，突顯了整體零售行業的疲軟。這一下降強調了在這一細分市場中保持銷售勢頭所面臨的挑戰。</p>
<h2>前瞻性指導</h2>
<p>展望未來，Karat Packaging 提供了幾個關鍵指標和即將到來的指導。公司預計第四季度淨銷售將比去年增長 10% 至 14%，毛利率預計將在 33% 至 35% 之間。調整後的 EBITDA 利潤率預計將在 8% 至 10% 之間。此外，預計一項新的為期兩年的紙袋供應合同將顯著貢獻收入，目標是在未來兩到三年內將該業務規模擴大到每年超過 1 億美元。董事會批准的季度股息和股票回購計劃的啓動進一步反映了對持續增長的信心。</p>
<p>總之，儘管 Karat Packaging, Inc. 面臨顯著的財務挑戰，但公司的戰略舉措和擴展為謹慎樂觀提供了基礎。財報電話會議突顯了前方的障礙和機遇，重點在於利用增長前景和提升股東價值。</p>

<p>Karat Packaging, Inc. 發佈了其第三季度財報，儘管面臨利潤下降和淨收入減少等挑戰，淨銷售額仍增長超過 10%。公司宣佈了一項 1500 萬美元的股票回購計劃，並計劃擴展其紙袋業務，目標是實現 1 億美元的年收入。然而，毛利率下降至 34.5%，淨收入減少至 760 萬美元。展望未來，Karat 預計第四季度淨銷售額將增長 10-14%，並對通過戰略舉措和提升股東價值實現未來增長保持樂觀</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)) 舉行了第三季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
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</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>儘管面臨強勁的銷售增長和戰略擴張的背景，Karat Packaging, Inc. 在最近的財報電話會議中仍然面臨重大挑戰。公司報告稱利潤率下降、淨收入減少以及零售渠道疲軟。然而，推出股票回購計劃和擴展新產品類別表明對未來增長的謹慎樂觀，儘管當前的財務壓力有所制約。</p>
</div><h2>Record Net Sales Growth</h2>
<div class="lb-trans"><h2>創紀錄的淨銷售增長</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 實現了創紀錄的淨銷售，年同比增長超過 10%。這一增長得益於穩健的銷量擴張、良好的產品組合和有效的定價舉措，展示了公司有效利用市場機會的能力。</p>
</div><h2>Expansion in Paper Bag Business</h2>
<div class="lb-trans"><h2>紙袋業務擴展</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>公司獲得了一項重要的業務附加，供應紙袋，預計每年將貢獻約 2000 萬美元的收入。計劃在未來兩到三年內將該業務規模擴大到 1 億美元，強調了多元化和增強產品供應的戰略舉措。</p>
</div><h2>Successful Sourcing Diversification</h2>
<div class="lb-trans"><h2>成功的採購多元化</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 已將國內採購比例提高至 20%，並將來自台灣的進口減少至 42%。這一戰略轉變有助於有效管理供應鏈，儘管面臨更高的進口成本，並使公司能夠更好地應對全球貿易動態。</p>
</div><h2>First-Ever Stock Repurchase Program</h2>
<div class="lb-trans"><h2>首個股票回購計劃</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 宣佈了一項 1500 萬美元的股票回購計劃，這一舉措表明對未來增長前景的信心。該計劃反映了公司對提升股東價值的承諾，並強調了其強健的財務狀況。</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>公司的毛利率從去年的 38.6% 降至 34.5%，主要由於更高的進口成本和關税。這一下降突顯了公司在保持盈利能力方面面臨的財務壓力，尤其是在經濟條件嚴峻的情況下。</p>
</div><h2>Decline in Operating Income</h2>
<div class="lb-trans"><h2>營業收入下降</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>營業收入下降至 860 萬美元，低於去年同期的 1130 萬美元。這一下降反映了影響公司底線的更廣泛財務挑戰。</p>
</div><h2>Net Income and EBITDA Decline</h2>
<div class="lb-trans"><h2>淨收入和 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 年第三季度的淨收入為 760 萬美元，低於去年的 930 萬美元。調整後的 EBITDA 也有所下降，從 1470 萬美元降至 1310 萬美元，反映了公司正在應對的持續財務壓力。</p>
</div><h2>Softness in Retail Channel</h2>
<div class="lb-trans"><h2>零售渠道疲軟</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>對零售渠道的銷售較去年同期下降了 12.5%，突顯了整體零售行業的疲軟。這一下降強調了在這一細分市場中保持銷售勢頭所面臨的挑戰。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指導</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>展望未來，Karat Packaging 提供了幾個關鍵指標和即將到來的指導。公司預計第四季度淨銷售將比去年增長 10% 至 14%，毛利率預計將在 33% 至 35% 之間。調整後的 EBITDA 利潤率預計將在 8% 至 10% 之間。此外，預計一項新的為期兩年的紙袋供應合同將顯著貢獻收入，目標是在未來兩到三年內將該業務規模擴大到每年超過 1 億美元。董事會批准的季度股息和股票回購計劃的啓動進一步反映了對持續增長的信心。</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>總之，儘管 Karat Packaging, Inc. 面臨顯著的財務挑戰，但公司的戰略舉措和擴展為謹慎樂觀提供了基礎。財報電話會議突顯了前方的障礙和機遇，重點在於利用增長前景和提升股東價值。</p>
</div>

Karat Packaging 的財報電話會議：在挑戰中實現增長