Bark Board Authorizes Additional $4 Million for Share Repurchases
BARK (NYSE: BARK) announced its Board of Directors has authorized an additional $4.0 million for share repurchases, supplementing the $5.6 million remaining from previous authorizations totaling $22.5 million as of December 31, 2024.
The company has already repurchased over 11 million shares at an average price of $1.53. The new authorization reflects BARK's strong financial position and optimistic outlook for Fiscal 2026. The repurchase program allows for opportunistic share buybacks through open market transactions under Rules 10b-18 and 10b5-1 or through private negotiations.
The program's execution will be based on market conditions, securities laws, and other factors, with no obligation to repurchase shares and can be suspended at any time. BARK maintains its commitment to retaining financial flexibility for core operations investment.
BARK (NYSE: BARK) ha annunciato che il suo Consiglio di Amministrazione ha autorizzato un ulteriore 4,0 milioni di dollari per il riacquisto di azioni, integrando i 5,6 milioni di dollari rimanenti da precedenti autorizzazioni che ammontano a un totale di 22,5 milioni di dollari al 31 dicembre 2024.
L'azienda ha già riacquistato oltre 11 milioni di azioni a un prezzo medio di 1,53 dollari. La nuova autorizzazione riflette la solida posizione finanziaria di BARK e un'ottimistica prospettiva per l'esercizio fiscale 2026. Il programma di riacquisto consente acquisti opportunistici di azioni tramite transazioni sul mercato aperto secondo le Regole 10b-18 e 10b5-1 o attraverso negoziazioni private.
L'esecuzione del programma sarà basata sulle condizioni di mercato, sulle leggi sui titoli e su altri fattori, senza alcun obbligo di riacquistare azioni e può essere sospesa in qualsiasi momento. BARK mantiene il proprio impegno a preservare la flessibilità finanziaria per gli investimenti nelle operazioni core.
BARK (NYSE: BARK) anunció que su Junta Directiva ha autorizado 4.0 millones de dólares adicionales para la recompra de acciones, complementando los 5.6 millones de dólares restantes de autorizaciones previas que totalizan 22.5 millones de dólares hasta el 31 de diciembre de 2024.
La compañía ya ha recomprado más de 11 millones de acciones a un precio promedio de 1.53 dólares. La nueva autorización refleja la sólida posición financiera de BARK y una perspectiva optimista para el ejercicio fiscal 2026. El programa de recompra permite la recompra de acciones de manera oportunista a través de transacciones en el mercado abierto bajo las Reglas 10b-18 y 10b5-1 o mediante negociaciones privadas.
La ejecución del programa se basará en las condiciones del mercado, las leyes de valores y otros factores, sin ninguna obligación de recomprar acciones y puede ser suspendida en cualquier momento. BARK mantiene su compromiso de conservar flexibilidad financiera para la inversión en operaciones fundamentales.
BARK (NYSE: BARK)는 이사회가 추가로 400만 달러의 자사주 매입을 승인했다고 발표했습니다. 이는 2024년 12월 31일 기준으로 총 2250만 달러의 이전 승인에서 남은 560만 달러를 보완하는 것입니다.
회사는 이미 평균 가격 1.53 달러로 1100만 주 이상을 재매입했습니다. 새로운 승인은 BARK의 강력한 재무 상태와 2026 회계연도에 대한 낙관적인 전망을 반영합니다. 재매입 프로그램은 10b-18 및 10b5-1 규정에 따라 공개 시장 거래를 통해 또는 개인 협상을 통해 기회에 따라 자사주 매입을 허용합니다.
프로그램의 실행은 시장 조건, 증권 법률 및 기타 요인을 기반으로 하며, 주식을 재매입할 의무가 없으며 언제든지 중단될 수 있습니다. BARK는 핵심 운영 투자에 대한 재정적 유연성을 유지하겠다는 약속을 고수하고 있습니다.
BARK (NYSE: BARK) a annoncé que son Conseil d'Administration a autorisé un montant supplémentaire de 4,0 millions de dollars pour le rachat d'actions, complétant les 5,6 millions de dollars restants des autorisations précédentes totalisant 22,5 millions de dollars au 31 décembre 2024.
L'entreprise a déjà racheté plus de 11 millions d'actions à un prix moyen de 1,53 dollar. La nouvelle autorisation reflète la solide position financière de BARK et une perspective optimiste pour l'exercice fiscal 2026. Le programme de rachat permet des rachats d'actions opportunistes par le biais de transactions sur le marché ouvert conformément aux Règles 10b-18 et 10b5-1 ou par le biais de négociations privées.
L'exécution du programme sera basée sur les conditions du marché, les lois sur les valeurs mobilières et d'autres facteurs, sans aucune obligation de racheter des actions et pouvant être suspendue à tout moment. BARK maintient son engagement à conserver une flexibilité financière pour les investissements dans les opérations essentielles.
BARK (NYSE: BARK) gab bekannt, dass der Vorstand eine zusätzliche Genehmigung von 4,0 Millionen Dollar für Aktienrückkäufe erteilt hat, die die verbleibenden 5,6 Millionen Dollar aus früheren Genehmigungen ergänzt, die insgesamt 22,5 Millionen Dollar zum 31. Dezember 2024 betragen.
Das Unternehmen hat bereits über 11 Millionen Aktien zu einem durchschnittlichen Preis von 1,53 Dollar zurückgekauft. Die neue Genehmigung spiegelt die starke finanzielle Lage von BARK und die optimistische Prognose für das Geschäftsjahr 2026 wider. Das Rückkaufprogramm ermöglicht opportunistische Aktienkäufe durch Transaktionen am offenen Markt gemäß den Regeln 10b-18 und 10b5-1 oder durch private Verhandlungen.
Die Ausführung des Programms basiert auf den Marktbedingungen, den Wertpapiergesetzen und anderen Faktoren, ohne dass eine Verpflichtung zum Rückkauf von Aktien besteht, und kann jederzeit ausgesetzt werden. BARK hält an seinem Engagement fest, finanzielle Flexibilität für Investitionen in die Kernbetriebe zu bewahren.
- Additional $4M share repurchase authorization
- Strong balance sheet and financial position
- $5.6M still remaining from previous authorizations
- 11M shares already repurchased at $1.53 average price
- Operational improvements and streamlined operations
- Stock price performing below company's perceived value
- No guarantee of completing the share repurchase program
Insights
BARK's authorization of an additional $4 million for share repurchases brings their total available buyback capacity to $9.6 million, representing approximately 3.2% of the company's current $296 million market cap. This expanded authorization comes after BARK has already repurchased over 11 million shares at an average price of $1.53, demonstrating a consistent capital return strategy.
The timing of this announcement is particularly telling. With the stock trading at $1.68 – about 9.8% above management's previous average purchase price – the company clearly believes shares remain undervalued despite the recent appreciation. This price action suggests management sees intrinsic value significantly higher than current market valuation.
For a small-cap company like BARK, this level of buyback activity is notable and reflects confidence in their operational improvements and future cash generation. The incremental $4 million authorization provides enhanced flexibility while maintaining what management describes as sufficient capital for growth initiatives.
The buyback program serves multiple strategic purposes: it potentially provides a floor for the stock price, enhances EPS through share count reduction, and signals management's conviction in their business trajectory. With the repurchase mechanism structured under SEC Rules 10b-18 and 10b5-1, BARK maintains significant discretion in execution timing and volume.
Most importantly, this capital allocation decision reflects management's assessment that returning capital to shareholders through buybacks currently offers better value than alternative uses such as accelerated growth investments or debt reduction – a meaningful signal about their view of BARK's risk-adjusted return profile at current valuation levels.
“Over the past few years, we have made significant strides strengthening our platform, streamlining operations, and assembling an exceptional leadership team,” said Zahir Ibrahim, Chief Financial Officer. “This progress, combined with our strong balance sheet and confidence in Fiscal 2026, has enabled us to repurchase over 11 million shares at an average price of
The repurchase program permits the Company to repurchase shares of common stock at any time or from time to time at management’s discretion in open market transactions made in accordance with the provisions of Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934, as amended, privately negotiated transactions or by other means in accordance with applicable securities laws. The timing, price and volume of stock repurchases will be based on a number of factors, including market conditions, relevant securities laws, and other considerations. The Company has no obligation to repurchase shares and this program may be suspended or discontinued by the Company at any time. Throughout the execution of this program, the Company is committed to retaining the financial flexibility it needs to invest in its core operations.
About BARK
BARK is the world’s most dog-centric company, devoted to making all dogs happy with the best products, services, and content. BARK’s dog-obsessed team leverages its unique, data-driven understanding of what makes each dog special to design playstyle-specific toys, wildly satisfying treats, dog-first experiences that foster the health and happiness of dogs everywhere, and more. Founded in 2011, BARK loyally serves millions of dogs nationwide with BarkBox and Super Chewer, its themed toys and treats subscriptions; custom product collections through its retail partner network, including Target, Chewy, and Amazon; and BARK Air, the first air travel experience designed specifically for dogs first. At BARK, we want to make dogs as happy as they make us because dogs and humans are better together. Sniff around at bark.co for more information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226007649/en/
Investors:
Michael Mougias
investors@barkbox.com
Media:
Garland Harwood
press@barkbox.com
Source: BARK, Inc.
FAQ
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