BARK, Inc. Provides Earnings Guidance for the Third Quarter and Reaffirms Earnings Guidance for the Full Fiscal Year 2023
November 09, 2022 at 04:01 pm EST
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BARK, Inc. provided earnings guidance for the third quarter and reaffirmed earnings guidance for the full fiscal year 2023. For the quarter, the company expects total revenue of $134 million. This guidance reflects certain commerce revenue shifting from the fiscal third quarter into the fiscal second quarter.
For the fiscal full year 2023, The company expects total revenue of $556 million, unchanged from the company's previous guidance. The company does not provide guidance for Net Loss due to the uncertainty and potential variability of certain items, including the change in fair value of warrants and derivatives and stock-based compensation expense, which are the reconciling items between Net Loss and Adjusted EBITDA.
BARK, Inc. is a dog-centric company. The Company is a vertically integrated, omnichannel brand serving dogs across two key categories: toys & accessories and consumables. All of its products are designed, developed, and branded BARK. The Company's products are sold direct-to-consumer (DTC) and through its network of retail partners. It offers BarkBox and Super Chewer, which are subscription products that feature monthly themed boxes of BARK toys and treats that are delivered directly to a dog's home. Customers have the option to subscribe to these products on a monthly, six month, or annual basis. It offers customers incremental products via ATB, which enables it to cross-sell customers into its full portfolio of products, including kibble, treats, toppers, dental and more. Its toys category also includes revenue derived from the sale of other products such as beds, leashes, apparel, and other miscellaneous products. The Company also offers Barkbox and Super Chewer boxes.
BARK, INC. 
