Bark Inc Stock Price, News & Analysis

BARK, Inc. reported a 34% revenue increase year-over-year for FY 2022, totaling $507.4 million. The company added 1.2 million new subscriptions, reaching 2.3 million by year-end. Subscription shipments rose 28% to 15 million. Despite strong performance, Q4 showed a net loss of $36.7 million, attributed to inventory write-downs and rising G&A expenses. BARK anticipates $130 million in revenue for Q1 FY 2023 and $556 million for the full year, with significant negative EBITDA projections.

BARK, Inc. (NYSE: BARK) announced the appointment of David Kamenetzky to its Board of Directors, effective May 23, 2022. Kamenetzky, with significant experience at Anheuser-Busch InBev and Mars Incorporated, will contribute to the Compensation and Corporate Governance and Nominating Committees. His expertise in scaling multi-billion-dollar consumer brands, particularly in the dog food sector, is expected to enhance BARK's strategic direction. Co-Founder and CEO Matt Meeker expressed optimism about Kamenetzky's role in advancing the company’s mission to enhance value for shareholders.

BARK, Inc. (NYSE: BARK) will release its fiscal fourth quarter and full year 2022 financial results on May 31, 2022, after market close. A conference call and webcast will follow at 4:30 pm ET to discuss these results. Interested participants can join by dialing (844) 200-6205 or accessing the live webcast at bark.co. A call replay will be available until June 14, 2022. BARK continues to focus on enhancing the happiness of dogs through its products and services.

BARK, Inc. (NYSE: BARK) has appointed Cindy Gustafson as its new Chief Marketing Officer. With extensive experience in e-commerce and subscription services, Gustafson will lead the marketing strategy to enhance brand presence and drive growth. Previously, she was Global CMO at WW International, where she modernized the brand and diversified its consumer base. Her appointment aligns with BARK's strategic priorities, including expanding its food offerings and unifying customer experiences across product lines. Gustafson's expertise is expected to further BARK's mission of making dogs happy.

BARK, Inc. (NYSE: BARK), a leader in the dog-centric product market, will participate in a fireside chat at the Canaccord Genuity eCommerce Sustainable Advantage Virtual Forum on March 24, 2022, at 1:30 PM ET. CEO Matt Meeker will lead the discussion, which will be accessible via a live webcast. BARK specializes in providing tailored toys, treats, and nutrition for dogs, with a commitment to enhancing their happiness. Established in 2012, BARK offers services like subscription boxes and personalized meal plans through various retail partnerships.

BARK (NYSE: BARK) has announced a long-term partnership with Greater Good Charities, committing $10 million in products to support dog shelters and family crisis shelters. This partnership aims to enhance adoption efforts and improve the temporary experiences for dogs in need. BARK's donation will provide various products like memory foam dog beds, which will be used to create adoption starter kits and support families in crisis, thereby reinforcing the human-animal bond. This initiative marks BARK's largest community commitment to date, following a decade of support for dog-centered causes.

BARK, Inc. reported a robust fiscal third quarter 2022 with revenue of $140.8 million, marking a 33.9% year-over-year increase. The company added 371,000 Active Subscriptions, totaling 2.3 million. Direct to Consumer revenue rose 31.0% to $118.1 million. Despite gross profit increasing to $78.4 million, gross margin slightly fell to 55.7% due to higher container costs. Operating expenses surged to $78.6 million, reflecting increased shipment volumes. The company anticipates $505 million in total revenue for fiscal 2022 amid supply chain challenges.

BARK, Inc. (NYSE:BARK) announced it will report its third quarter fiscal year 2022 financial results on February 10, 2022, after market close. A conference call will be hosted by management at 4:30 PM ET to discuss results. Interested parties can participate by dialing (844) 200-6205 or through an online webcast at investors.bark.co. A replay will be available until February 24, 2022. BARK is committed to enhancing the well-being of dogs through innovative products and personalized services.

BARK, Inc. (NYSE: BARK) announced a 33% revenue increase for Q3 2022, totaling $140 million, exceeding prior guidance. Co-Founder Matt Meeker resumes the role of CEO, taking over from Manish Joneja, who resigns for family reasons but will assist until April 2022. For the first nine months of 2022, revenue rose by 41.8% to $377.8 million. BARK continues to expand its product lines and emphasizes a strong holiday season ahead.