Dog-centric firm Bark Q1 revenue beats expectations

Bark

07/08/2025 12:56

Corrects gross margin figure to 62.3% from 67.0% in Key Details table

Overview

Bark Inc fiscal Q1 revenue falls 11.5% yr/yr, beats analyst expectations, per LSEG data

Adjusted EBITDA for fiscal Q1 improves by $1.9 mln, reflecting positive operational changes

Commerce revenue rises 49.5% yr/yr, driven by strong retail partnerships

Outlook

BARK expects Q2 revenue between $102 mln and $105 mln

Company anticipates Q2 adjusted EBITDA between $(2) mln and $2 mln

BARK not providing full-year guidance due to tariff uncertainties

Result Drivers

REVENUE DECLINE - Revenue fell 11.5% year-over-year due to fewer total orders and subscriptions carried into the quarter

COMMERCE GROWTH - Commerce revenue increased by 49.5% year-over-year, driven by strong growth at Costco, Amazon, Chewy, and TJX

GROSS MARGIN IMPROVEMENT - Direct-to-consumer gross margin rose by 250 basis points to 67.0%, attributed to a shift towards higher-value Super Chewer customers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$102.90 mln
$99.60 mln (3 Analysts)
Q1 Gross Margin
62.3%
Q1 Gross Profit
$64.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 $2.00, about 57.3% above its August 6 closing price of $0.85

Press Release: ID:nBw6JH9Y4a

(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.)