BARK (NYSE:BARK) Posts Quarterly Earnings Results, Beats Estimates By $0.48 EPS

BARK (NYSE:BARKGet Free Report) issued its quarterly earnings data on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.48, Zacks reports. The company had revenue of $78.81 million for the quarter, compared to the consensus estimate of $77.50 million. BARK had a negative return on equity of 35.25% and a negative net margin of 8.42%.

Here are the key takeaways from BARK’s conference call:

  • Profitability improved: Adjusted EBITDA was $0.6 million, up from $0.1 million year over year, while normalized gross margin remained strong at 63.4%.
  • Revenue fell 23% year over year to $78.8 million, primarily because BARK entered the year with a smaller direct-to-consumer subscriber base; D2C orders excluding BARK Air declined approximately 28%.
  • Underlying D2C indicators strengthened, with subscriber retention up more than 170 basis points and average order value increasing $0.45; management expects sequential top-line growth and a D2C inflection later in the fiscal year.
  • BARK Air revenue rose 37% year over year to $3.2 million, with more than 90% of second-quarter seats already sold, while commerce is expected to accelerate with holiday demand and the upcoming Girl Scout Cookie program.
  • Management reiterated full-year revenue and adjusted EBITDA guidance and highlighted new growth initiatives, including the Lixters enrichment platform, expanded Crocs products, and a Liquid Death pet collaboration.

BARK Stock Performance

BARK traded up $2.09 during trading on Friday, reaching $11.25. The stock had a trading volume of 217,898 shares, compared to its average volume of 42,203. The stock has a market cap of $101.60 million, a PE ratio of -3.14 and a beta of 1.95. BARK has a one year low of $8.15 and a one year high of $20.79. The business has a 50-day moving average of $9.52 and a 200-day moving average of $11.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Shay Capital LLC grew its position in BARK by 133.6% during the third quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock valued at $3,682,000 after acquiring an additional 2,534,722 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of BARK by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock worth $1,650,000 after acquiring an additional 293,828 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of BARK by 78.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 667,881 shares of the company’s stock valued at $402,000 after purchasing an additional 292,621 shares in the last quarter. Murchinson Ltd. lifted its stake in BARK by 150.7% in the second quarter. Murchinson Ltd. now owns 410,043 shares of the company’s stock worth $361,000 after purchasing an additional 246,500 shares during the last quarter. Finally, State of Wyoming boosted its holdings in BARK by 40.2% during the 2nd quarter. State of Wyoming now owns 177,988 shares of the company’s stock valued at $157,000 after acquiring an additional 51,029 shares during the period. 28.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BARK. Weiss Ratings restated a “sell (e+)” rating on shares of BARK in a research report on Monday. Lake Street Capital set a $12.00 price target on BARK and gave the company a “buy” rating in a report on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating and set a $19.00 price target on shares of BARK in a research report on Thursday, June 11th. Finally, Wall Street Zen raised BARK from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BARK currently has a consensus rating of “Hold” and an average target price of $15.33.

Read Our Latest Stock Analysis on BARK

BARK Company Profile

(Get Free Report)

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.

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Earnings History for BARK (NYSE:BARK)

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