BARK fiscal Q1 revenue drops on smaller DTC subscriber base

Bark

06/08/2026 21:32

Overview
U.S. dog products seller's fiscal Q1 revenue fell 23% yr/yr to $78.8 mln
Net income turned positive, aided by a one-time tariff refund
Company continued previously announced $40 mln share repurchase program

Outlook
Bark expects Q2 revenue of $83 mln to $85 mln, down from $107 mln a year earlier
Company sees Q2 adjusted EBITDA of $1 mln to $3 mln, up from $(1.4) mln last year
Bark reiterates FY27 revenue guidance of $325 mln to $340 mln and adjusted EBITDA of $7 mln to $10 mln

Result Drivers
SUBSCRIBER RETENTION - Co said improved subscriber retention and higher average order value contributed to DTC performance
BARK AIR GROWTH - Co said BARK Air revenue grew 37% yr/yr to $3.2 mln within DTC segment
TARIFF REFUND - Gross margin benefited from one-time recognition of fiscal 2026 tariff refunds

Company press release: ID:nBwNdwga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$78.80 mln
$77.63 mln (2 Analysts)
Q1 Net Income
 
$750,000
 
Q1 Gross Profit
 
$57.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."
Wall Street's median 12-month price target for Bark Inc is $15.50, about 66.8% above its August 5 closing price of $9.29

Reuters Recommended Reads
Aug 5 - Freshpet Q2 revenue tops estimates; raises 2026 outlook
Aug 5 - Central Garden & Pet Q3 sales miss estimates on exit of pet distribution; lifts FY forecast
Aug 5 - Trupanion Q2 revenue slightly beats estimates, helped by subscription business strength

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)