OverviewSuggest Edit

Karat Packaging, operated by Lollicup, is a company manufacturing and distributing environmentally-friendly, single-use disposable products primarily used in restaurants and food service settings. Its products include food packaging, containers, tableware, cups, lids, cutlery, and straws. The company markets its products under four brands: Karat, Karat earth, Tea zone, and Total clean.

TypePrivate
Founded2000
HQChino, CA, US
Websitekaratpackaging.com
Employee Ratings2.1

Latest Updates

Employees (est.) (Apr 2021)613(+14%)
Revenue (FY, 2020)$295.5 M(+32%)
Share Price (Oct 2021)$22.9(+3%)
Cybersecurity ratingAMore
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Key People/Management at Karat Packaging

Alan Yu

Alan Yu

Co-Founder, CEO, Chairman
Marvin Cheng

Marvin Cheng

Co-Founder, Director
Joanne Wang

Joanne Wang

Chief Operating Officer
Ann Sabahat

Ann Sabahat

CFO
Daniel Quire

Daniel Quire

Director of Sales
Eric Chen

Eric Chen

Director
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Karat Packaging Office Locations

Karat Packaging has offices in Chino, Branchburg, Kapolei, Rockwall and in 2 other locations
Chino, CA, US (HQ)
6185 Kimball Ave
Branchburg, NJ, US
140 Meister Ave
Kapolei, HI, US
91-312 Komohana St
Rockwall, TX, US
3201 Capital Blvd
Summerville, SC, US
420 Industrial Rd
Sumner, WA, US
1801 132nd Ave E
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Karat Packaging Financials and Metrics

Summary Metrics

Founding Date

2000

Karat Packaging total Funding

$1.9 m

Karat Packaging latest funding size

$1.9 m

Time since last funding

3 years ago
Karat Packaging's latest funding round in October 2018 was reported to be $1.9 m. In total, Karat Packaging has raised $1.9 m
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Karat Packaging Revenue

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Karat Packaging's revenue was reported to be $295.52 m in FY, 2020 which is a 31.4% increase from the previous period.
USD

Revenue (Q2, 2021)

94.5m

Gross profit (Q2, 2021)

28.1m

Gross profit margin (Q2, 2021), %

29.7%

Net income (Q2, 2021)

9.3m

EBIT (Q2, 2021)

6.9m

Cash (30-Jun-2021)

200.0k
Annual
USDFY, 2019FY, 2020

Revenue

224.9m295.5m

Revenue growth, %

28%31%

Cost of goods sold

163.9m206.4m

Gross profit

61.0m89.1m
Quarterly
USDQ2, 2021

Revenue

94.5m

Cost of goods sold

66.4m

Gross profit

28.1m

Gross profit Margin, %

30%
Annual
USDFY, 2019FY, 2020

Cash

802.0k448.0k

Accounts Receivable

21.0m23.8m

Prepaid Expenses

3.1m6.5m

Inventories

35.4m49.0m
Quarterly
USDQ2, 2021

Cash

200.0k

PP&E

47.2m
Annual
USDFY, 2019FY, 2020

Net Income

2.2m16.7m

Depreciation and Amortization

6.0m8.6m

Inventories

(311.0k)(13.8m)

Accounts Payable

3.9m1.0m
Quarterly
USDQ2, 2021

Net Income

12.4m

Depreciation and Amortization

4.9m

Inventories

(13.1m)

Accounts Payable

4.3m
USDFY, 2019

Revenue/Employee

415.0k

Debt/Equity

2 x

Debt/Assets

0.4 x

Financial Leverage

5.5 x
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Karat Packaging Operating Metrics

Karat Packaging's Customers was reported to be 50 k in FY, 2020.
Sep, 2019FY, 2020Apr, 2021

Customers

5 k50 k

Distribution Centers

4

Drivers

29

Facilities

6
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Karat Packaging Acquisitions / Subsidiaries

Company NameDateDeal Size
Lollicup Franchising, LLC
Lollicup USA Inc.

Karat Packaging Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Karat Packaging Online and Social Media Presence

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Karat Packaging News and Updates

Karat Packaging Increases Net Sales Outlook for 2021 Third Quarter; Provides Initial Outlook for Full Year 2021

CHINO, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products and related items, today announced it expects net sales for the 2021 third quarter to be in the range of $102 mi…

Karat Packaging Announces Departure of Chief Financial Officer and Appoints Peter Lee as Interim Chief Financial Officer

CHINO, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced that Ann T. Sabahat, chief financial officer, has resigned for personal reas…

Karat Packaging to Report 2021 Second Quarter Financial Results and Host Conference Call on Thursday, August 12, 2021

CHINO, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products and related items, today announced it will release its 2021 second quarter …

Karat Packaging to Present at Stifel Cross Sector Insight Conference, June 10 at 12:40 p.m. ET

CHINO, Calif., June 03, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products and related items, today announced that Alan Yu, its chief executive officer, will present at the Stifel Virtual…

Karat Packaging Provides Financial Outlook for Second Quarter 2021

CHINO, Calif., May 28, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it expects net sales for the 2021 second quarter to be in the range of $92 mi…

Karat Packaging Reports 2021 First Quarter Financial Results

CHINO, Calif., May 27, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2021 first quarter ended March 31, 2021.
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Karat Packaging Frequently Asked Questions

  • When was Karat Packaging founded?

    Karat Packaging was founded in 2000.

  • Who are Karat Packaging key executives?

    Karat Packaging's key executives are Alan Yu, Marvin Cheng and Joanne Wang.

  • How many employees does Karat Packaging have?

    Karat Packaging has 613 employees.

  • What is Karat Packaging revenue?

    Latest Karat Packaging annual revenue is $295.5 m.

  • What is Karat Packaging revenue per employee?

    Latest Karat Packaging revenue per employee is $482.1 k.

  • Who are Karat Packaging competitors?

    Competitors of Karat Packaging include Great Northern Corporation, Victory Packaging and Daibochi.

  • Where is Karat Packaging headquarters?

    Karat Packaging headquarters is located at 6185 Kimball Ave, Chino.

  • Where are Karat Packaging offices?

    Karat Packaging has offices in Chino, Branchburg, Kapolei, Rockwall and in 2 other locations.

  • How many offices does Karat Packaging have?

    Karat Packaging has 6 offices.