Overview

* Bark Inc ( BARK ) 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/Mis Actual Consensu

s s

Estimate

Q1 Beat $102.90 $99.60

Revenue mln mln (3

Analysts

)

Q1 Gross 67.0%

Margin

Q1 Gross $64.10

Profit 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 ( BARK ) is $2.00, about 57.3% above its August 6 closing price of $0.85

Press Release:

(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.)