Bark falls on weak 2024 revenue forecast

Bark

01/06/2023 21:56

** Shares of pet supplies retailer Bark Inc  BARK.N  down
~1% at $1.05 in extended trading
    ** Co forecasts 2024 revenue below Wall Street estimates,
signaling weakening demand for its products
    ** Expects FY revenue in the range of flat to 5% decline,
while analysts on average estimate a 3.2% rise - Refinitiv data
    ** Also projects Q1 revenue between $121 mln and $123 mln
    ** Q4 revenue falls 2.2% to $126 mln from a year ago
    ** BARK posts total Q4 orders of 3.6 mln vs 3.9 mln a year
ago
    ** Up to Thursday's close, stock had fallen nearly 30% in
2023

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))