BARK, Inc. expands stock repurchase program by $4 million

NEW YORK - BARK, Inc. (NYSE: BARK), a prominent omnichannel dog brand trading at $1.68 per share, announced Monday that its Board of Directors has approved an additional $4 million for the repurchase of its common stock. This decision comes on top of the remaining $5.6 million from prior authorizations, totaling $22.5 million as of December 31, 2024, thereby enhancing the company’s repurchase capacity. According to InvestingPro data, the stock has seen significant volatility, with a 43.6% gain over the past year despite recent pullbacks.

The Chief Financial Officer of BARK, Zahir Ibrahim, expressed the company’s strong financial standing and optimism for Fiscal 2026 as enabling factors for the continued share repurchases. InvestingPro analysis reveals the company maintains healthy liquidity with a current ratio of 1.63 and holds more cash than debt on its balance sheet. To date, BARK has bought back over 11 million shares at an average price of $1.53, with the belief that the current share price does not fully reflect the company’s accomplishments. Ibrahim emphasized the goal of delivering long-term shareholder value, and this increased repurchase authorization aligns with that objective.

The repurchase program allows BARK to buy back shares at management’s discretion through open market transactions, private negotiations, or other methods as allowed by securities laws. The program’s execution depends on several factors, including market conditions and legal requirements, with no set obligation for the company to repurchase shares. BARK maintains that it will preserve the financial flexibility necessary to invest in its core business operations.

BARK, founded in 2011, is dedicated to providing products and services tailored to the well-being and happiness of dogs, including BarkBox and Super Chewer subscription services, and partnerships with retailers like Target (NYSE:TGT), Chewy (NYSE:CHWY), and Amazon (NASDAQ:AMZN). The company also introduced BARK Air, an air travel experience designed for dogs.

This repurchase program may be adjusted or halted at any time at the company’s discretion. The information is based on a press release statement from BARK, Inc.

In other recent news, Bark Inc. reported its fourth-quarter earnings for 2024, meeting analysts’ expectations with an earnings per share (EPS) of -$0.02 and slightly surpassing revenue forecasts at $126.4 million compared to the expected $125.07 million. This marks a 1% year-over-year increase in revenue, reflecting the company’s efforts in expanding its retail and eCommerce platform presence. Bark is also targeting its first full year of adjusted EBITDA profitability in fiscal 2026, aiming for mid to high single-digit top-line growth. Canaccord Genuity maintained its Hold rating on Bark with a price target of $2.50, noting the company’s solid execution and improvements across its business segments.

Bark’s direct-to-consumer business faced slight pressure, but gains in marketing efficiency were observed after transitioning paid media spending to the Shopify (NYSE:SHOP) platform. The company also projected a significant increase in Amazon revenue by over 70% year-over-year in fiscal 2025. Bark is making strides in international markets, having recently launched on Amazon Europe, and is collaborating with suppliers in China to offset the impact of newly implemented tariffs. The company reaffirmed its fiscal year 2025 guidance, expecting mid-single-digit growth in the fourth quarter.

Additionally, Bark’s commerce segment showed substantial growth, with revenue increasing by 43% due to new partnerships and expanded shelf space. The company also reported a $4.9 million year-over-year improvement in adjusted EBITDA. Analysts from Canaccord Genuity highlighted that while Bark’s growth in commerce is promising, a return to sustainable growth in its core direct-to-consumer business may be necessary for a significant improvement in investor sentiment.

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