Bark Inc Stock Price, News & Analysis

BARK, Inc. (NYSE: BARK) appointed Aarti Sharma as the new Chief People Officer, effective November 7, 2022. With 20 years in HR and people strategy, Sharma previously served as Global Head of HR at Cambium Networks, where she was key in its IPO. She aims to enhance BARK’s HR functions including talent acquisition and employee engagement. BARK, recognized as one of Newsweek’s Top 100 Most Loved Workplaces, continues to focus on employee satisfaction alongside its mission to bring joy to dogs. Sharma holds degrees in Statistics and an MBA.

BARK, Inc. (NYSE: BARK) reported fiscal Q2 2023 revenue of $143.8 million, a 20% year-over-year increase. The average order value rose to $32.18, an 8% increase. BARK Bright revenue surged 102% to $2.8 million. Loss from operations improved by $6.3 million to $(9.1) million, or (6)% of revenue. The company reaffirmed its fiscal year 2023 revenue outlook of $556 million and raised its Adjusted EBITDA outlook to $(31) million. BARK aims to enhance profitability and cash flow, showing significant progress towards these goals.

BARK, Inc. (NYSE: BARK) has partnered with Dunkin’ for a limited-edition collection of dog toys that will be available from November 1. The toys, inspired by Dunkin’s iced coffee and donuts, aim to raise funds for the Dunkin’ Joy in Childhood Foundation, which benefits children facing hunger or illness. Each donation of $12 or $15 at participating Dunkin' locations provides a specific toy. Since the collaboration began in 2020, over $4 million has been raised, funding 33 service dogs across 23 hospitals, significantly impacting young patients nationwide.

BARK, Inc. (NYSE: BARK) announced it will report its second quarter fiscal year 2023 financial results on November 9, 2022, after market close. A live conference call will occur at 4:30 p.m. ET on the same day, accessible via dialing 646-904-5544 for U.S. participants or +1-929-526-1599 for international calls, with the passcode 804526. The results will be discussed in detail during the call, which will also be available as a live audio webcast at investors.bark.co.

BARK, Inc. (NYSE: BARK) is expanding its breed-specific dog food offerings to include seven additional breeds and puppy formulas. This follows a successful initial launch in August, which targeted Chihuahuas, Labs, and Pit bulls. The new lineup will cater to Dachshunds, French Bulldogs, Boxers, Australian Shepherds, German Shepherds, Golden Retrievers, and Doodles. With approximately 70% of BARK Food customers subscribing to recurring shipments, the company emphasizes individual dietary needs. To celebrate, BARK is hosting a 'Next Top Dog Model' contest, encouraging dog owners to submit entries until November 17.

BARK, Inc. (NYSE: BARK) is set to participate in a fireside chat at the Jefferies Virtual Pet Care & Wellness Conference on September 22, 2022, at 9:30 am ET. CEO Matt Meeker will represent the company. This virtual event can be accessed via a live webcast and will have an online archive available for 90 days post-event. BARK is committed to enhancing dog happiness through its tailored products, including subscription services like BarkBox and various food and dental care offerings.

BARK, Inc. (NYSE: BARK) celebrated the launch of its new breed-based food offering, BARK Food, by ringing the opening bell at the New York Stock Exchange. Co-Founder and CEO Matt Meeker, accompanied by BARK’s employee dogs, highlighted the company's mission to enhance canine happiness. BARK aims to deliver personalized and high-quality products for dogs, including toys, treats, and food. This milestone reflects the company's commitment to innovation in the pet food industry.

BARK, Inc. (NYSE: BARK) reported fiscal Q1 2023 revenue of $131.2 million, a 12% year-over-year increase, surpassing guidance of $130 million. Average order value also rose by 6% to $31.07. Revenue from BARK Bright surged by 169% to $2.4 million. The company maintained its fiscal year revenue outlook of $556 million while improving Adjusted EBITDA guidance to $(33 million) from $(36 million). However, general and administrative expenses increased significantly, impacting net loss which stood at $(15.4 million).

BARK, Inc. (NYSE: BARK) will participate in a fireside chat at the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, at 8:30 am ET in Boston, MA. CEO Matt Meeker will lead the discussion, which will be webcast live and archived for 90 days. BARK is a global brand dedicated to enhancing the happiness of dogs through various products, services, and subscriptions, including BarkBox and BARK Super Chewer. Founded in 2012, BARK focuses on dog-specific toys, treats, and meals tailored to different breeds.