BARK, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2024
November 07, 2024 at 04:08 pm EST
Share
BARK, Inc. reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was USD 126.11 million compared to USD 123.04 million a year ago. Sales was USD 126.11 million compared to USD 123.04 million a year ago. Sales was USD 126.11 million compared to USD 123.04 million a year ago. Sales was USD 126.11 million compared to USD 123.04 million a year ago. Net loss was USD 5.26 million compared to USD 10.34 million a year ago. Net loss was USD 5.26 million compared to USD 10.34 million a year ago. Net loss was USD 5.26 million compared to USD 10.34 million a year ago. Net loss was USD 5.26 million compared to USD 10.34 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.06 a year ago.
For the six months, sales was USD 242.32 million compared to USD 243.63 million a year ago. Sales was USD 242.32 million compared to USD 243.63 million a year ago. Sales was USD 242.32 million compared to USD 243.63 million a year ago. Sales was USD 242.32 million compared to USD 243.63 million a year ago. Net loss was USD 15.3 million compared to USD 22 million a year ago. Net loss was USD 15.3 million compared to USD 22 million a year ago. Net loss was USD 15.3 million compared to USD 22 million a year ago. Net loss was USD 15.3 million compared to USD 22 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.12 a year ago.
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 segments include direct to consumer and commerce. Its 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 dogâs home. Customers have the option to subscribe to these products on a one-month, six months, or twelve-month basis. It offers its customers incremental products via ATB, which allows it to cross-sell customers 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.