BARK, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 04:59 pm EST
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BARK, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 125.08 million compared to USD 134.33 million a year ago. Net loss was USD 10.11 million compared to USD 21.27 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.12 a year ago.
For the nine months, sales was USD 368.7 million compared to USD 409.3 million a year ago. Net loss was USD 32.11 million compared to USD 47.32 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.27 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 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. 
