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 ...

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, 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 ...

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 | ...

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].

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 ...

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 ...

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 ...

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]

Financial Data and Key Metrics Changes - The company reported total revenue of $123 million for Q2 2024, meeting guidance but reflecting a decline in certain segments [18][10] - Adjusted EBITDA was positive at $1 million, marking the first positive EBITDA quarter since going public [6][24] - Free cash flow was positive at just under $1 million for the quarter, with a trailing 12-month total of approximately $4 million [6][25] Business Line Data and Key Metrics Changes - B2C segment revenue was $104 million, down 11% year-over-year, primarily due to a 9% decline in total orders and a decrease in average order value [18][19] - Toy revenue was $67 million, down 12%, while consumables revenue was $37 million, down 9% [19] - Consumables revenue outside subscription boxes was $5 million, up 20% year-over-year, indicating growth in this category [11][19] Market Data and Key Metrics Changes - The pet industry is facing challenges, with a decline in households with dogs and a 10% decrease in the dog toy industry this fiscal year [9][10] - The company anticipates continued macro challenges affecting discretionary spending, particularly in toys [9][28] Company Strategy and Development Direction - The company is focusing on a consolidated DTC experience, expanding consumables, and increasing retail presence [11][12] - A new website URL (BARK.co) has been launched to improve customer conversion and cross-selling [11] - The company plans to grow the commerce segment to represent around 30% of total revenue over the next four to five years [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging growth environment but expressed confidence in achieving profitability and improving margins [9][16] - The company expects to continue delivering year-over-year improvements in profitability and cash flow generation [31][16] - Future guidance indicates a cautious approach, with total revenue expected to decline between 8% and 11% year-over-year [28] Other Important Information - The company reduced its inventory by $3 million, ending the period with a total balance of $109 million [24] - A significant share repurchase program was executed, with 2.8 million shares bought back at an average cost of $1.49 per share [25][26] - The company paid down $45 million of convertible notes early, improving its net cash position and saving on interest [7][26] Q&A Session Summary Question: Strategies to address macro pressures on discretionary toys - Management noted that customer retention has improved, and they have not needed to deploy discounts, focusing instead on customer acquisition strategies [34][36] Question: Expectations for Q3 and marketing spend - Q3 is expected to be a high-demand quarter with significant marketing investment, impacting profitability [39][40] Question: Insights from national retail partner conversations - Management highlighted strong interest in their new treat line and collaborative relationships with retailers [51][52]