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BARK to Present at the Canaccord Genuity eCommerce Sustainable Advantage Forum
Businesswire· 2024-03-06 13:30
NEW YORK--(BUSINESS WIRE)--BARK, Inc. (NYSE: BARK) (“BARK” or the “Company”), a leading global omnichannel dog brand with a mission to make all dogs happy, today announced that Matt Meeker, Co-Founder and Chief Executive Officer, is scheduled to participate in a fireside chat at Canaccord Genuity’s 4th Annual eCommerce Sustainable Advantage Forum held virtually on Thursday, March 14, 2024, at 10:30 a.m. Eastern Time. The audio portion of the fireside chat will be webcast live over the internet and can be a ...
BARK Expands Consumables Business With Launch of Cereal-Inspired Dog Treat Collection to Inject Innovation, Fun & Humor Into Retail Pet Aisles
Businesswire· 2024-03-01 13:00
NEW YORK--(BUSINESS WIRE)--BARK (NYSE: BARK), a leading global omnichannel dog brand with a mission to make all dogs happy, today announced it is expanding its consumables business and bringing the same fun, humor and storytelling that made BarkBox famous to the dog treats category with the launch of its first full collection of seven unique dog treat flavors. The Snack Pack from BARK features treats inspired by classic breakfast cereals with corresponding mascots and surprises in every box. The treat colle ...
Bark(BARK) - 2024 Q3 - Earnings Call Transcript
2024-02-07 23:53
BARK, Inc. (NYSE:BARK) Q3 2024 Earnings Conference Call February 7, 2024 4:30 PM ET Company Participants Mike Mougias - Vice President, Investor Relations Matt Meeker - Co-Founder and Chief Executive Officer Zahir Ibrahim - Chief Financial Officer Conference Call Participants Maria Ripps - Canaccord Genuity Ryan Meyers - Lake Street Capital Markets Ygal Arounian - Citigroup Keith Devas - Jefferies Operator Good afternoon and welcome to BARK's Third Quarter Fiscal 2024 Earnings Conference Call. Please note t ...
Bark(BARK) - 2024 Q3 - Quarterly Report
2024-02-06 16:00
Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the North American market [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8% due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered the European market, with initial sales exceeding expectations [4]. - A new distribution center was opened in Germany to support regional growth [5]. - Partnerships with local retailers in France and Italy were established to enhance market penetration [6]. Topic 3: Product Development - Launched three new products in the tech segment, which contributed to 20% of total revenue [7]. - R&D spending increased by 10% to accelerate innovation and product differentiation [8]. - The new product line received positive feedback from early adopters, with a 95% satisfaction rate [9]. Topic 4: Operational Efficiency - Implemented a new supply chain management system, reducing delivery times by 15% [10]. - Automation in manufacturing processes led to a 5% reduction in production costs [11]. - Employee training programs were expanded, resulting in a 10% increase in productivity [12]. Topic 5: Strategic Initiatives - The company announced a $500 million share buyback program to return value to shareholders [13]. - A strategic partnership with a leading tech firm was formed to co-develop next-generation products [14]. - Plans to expand into the Asian market were unveiled, with a focus on China and India [15]. Topic 6: Risk Management - Identified potential risks in the supply chain due to geopolitical tensions and implemented contingency plans [16]. - Increased cybersecurity measures to protect against data breaches and cyber-attacks [17]. - Diversified supplier base to mitigate risks associated with single-source dependencies [18].
Bark(BARK) - 2024 Q3 - Quarterly Results
2024-02-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date Earliest Event Reported): February 7, 2024 BARK, Inc. (Exact name of registrant as specified in its charter) | --- | --- | --- | |--------------------------------------------------------|---------------------------------------------------------------------------------|-----------------------------------------| | Delaware | ...
BARK Announces New Retail Commitment for Treats
Businesswire· 2024-01-17 13:30
NEW YORK--(BUSINESS WIRE)--BARK, Inc. (NYSE: BARK) (“BARK” or the “Company”), a leading global omnichannel dog brand with a mission to make all dogs happy, today announced that it has received commitment from a premier national retailer to sell its new treat offering in approximately 1,300 of its doors beginning in the spring of 2024. The agreement consists of 4 SKUs in-store and 8 online. To date, the Company has secured retail commitments for its new treat offering in nearly 2,500 doors across the coun ...
Penny stock watch: Is it time to take a bit out of BARK, Inc.?
MarketBeat· 2024-01-10 12:58
Key PointsBARK, Inc. issued a guidance update with revenue and cash flow above target.The stock surged 20% and may continue higher, but how high is questionable. The outlook is good but competition is fierce, and the short-sellers are in the mix. 5 stocks we like better than BARKBARK, Inc. NYSE: BARK has been in the doghouse for years. The combination of overblown expectations and the SPAC implosion left little direction for the stock price but lower. Now, it’s down 95% from its lows but may be ready to com ...
BARK Reports Preliminary Third Quarter Fiscal Year 2024 Revenue Ahead of the ICR Conference
Businesswire· 2024-01-08 21:00
NEW YORK--(BUSINESS WIRE)--BARK, Inc. (“BARK” or the “Company”) (NYSE: BARK), a leading global omnichannel dog brand with the mission to make all dogs happy, announced today its preliminary third quarter fiscal year 2024 revenue ahead of its scheduled presentation at the ICR Conference. Total revenue was approximately $125 million, ahead of the high-end of its previously provided guidance range of $123 million to $119 million. The Company also reported that it delivered its strongest customer acquisition qu ...
BARK Announces Departure of Chief Technology Officer
Businesswire· 2023-12-28 21:00
Company Announcement - BARK, Inc. announced that Nari Sitaraman will step down as Chief Technology Officer (CTO) effective January 19, 2024, and Eric Picard will take over his responsibilities [1][2] Leadership Transition - Nari Sitaraman has been a significant asset in evolving BARK's technology organization over the past two years, contributing to the expansion of the product portfolio and the launch of the unified platform at BARK.co [2] - Eric Picard, with experience in high-growth technology startups and established companies like Pandora and Microsoft, is expected to continue the evolution of BARK's technology initiatives [2] Company Overview - BARK is dedicated to making dogs happy through a variety of products, services, and content, focusing on a data-driven approach to design dog-specific toys, treats, and meals [3] - Founded in 2011, BARK offers subscription services like BarkBox and BARK Super Chewer, custom product collections through retail partners such as Target and Amazon, and specialized dog food and dental care products [3]
Bark(BARK) - 2024 Q2 - Earnings Call Transcript
2023-11-09 03:38
BARK, Inc. (NYSE:BARK) Q2 2024 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Mike Mougias - Vice President, Investor Relations Matt Meeker - Co-Founder and Chief Executive Officer Zahir Ibrahim - Chief Financial Officer Conference Call Participants Maria Ripps - Canaccord Genuity Ryan Meyers - Lake Street Capital Markets Ygal Arounian - Citigroup Max Rakhlenko - TD Cowen Operator Ladies and gentlemen, good afternoon. My name is Abby and I’ll be your conference operator today. At ...