Tranche Update on BARK, Inc.'s Equity Buyback Plan announced on June 3, 2024.
November 07, 2024 at 05:05 pm EST
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From July 1, 2024 to September 30, 2024, the company has repurchased 540,428 shares, representing 0.31% for $0.9 million. With this, the company has completed the repurchase of 2,399,513 shares, representing 1.37% for $3.56 million under the buyback announced on June 3, 2024.
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.