Overview
Bark Inc fiscal Q1 revenue falls 11.5% yr/yr, beats analyst expectations, per LSEG data
Adjusted EBITDA for fiscal Q1 improves by $1.9 mln, reflecting positive operational changes
Commerce revenue rises 49.5% yr/yr, driven by strong retail partnerships
Outlook
BARK expects Q2 revenue between $102 mln and $105 mln
Company anticipates Q2 adjusted EBITDA between $(2) mln and $2 mln
BARK not providing full-year guidance due to tariff uncertainties
Result Drivers
REVENUE DECLINE - Revenue fell 11.5% year-over-year due to fewer total orders and subscriptions carried into the quarter
COMMERCE GROWTH - Commerce revenue increased by 49.5% year-over-year, driven by strong growth at Costco, Amazon, Chewy, and TJX
GROSS MARGIN IMPROVEMENT - Direct-to-consumer gross margin rose by 250 basis points to 67.0%, attributed to a shift towards higher-value Super Chewer customers
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $102.90 mln | $99.60 mln (3 Analysts) |
Q1 Gross Margin | 67.0% | ||
Q1 Gross Profit | $64.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Bark Inc is $2.00, about 57.3% above its August 6 closing price of $0.85
Press Release: ID:nBw6JH9Y4a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)