Paul Tudor Jones sees potential market rally after late October
NEW YORK - BARK, Inc. (NYSE:BARK), a dog-focused brand company, announced Wednesday the promotion of Michael Black to President, Core Business. In this role, Black will lead the company’s direct-to-consumer and commerce segments. The appointment comes at a crucial time for BARK, which currently maintains a strong financial position with more cash than debt and impressive gross profit margins of 62%. According to InvestingPro analysis, the company’s stock is currently trading below its Fair Value.
Black, who joined BARK in 2024 as Chief Revenue Officer, will manage the company’s core operations while Co-Founder and CEO Matt Meeker continues to oversee long-term strategic vision and growth initiatives.
During his tenure as Chief Revenue Officer, Black contributed to strengthening retail partnerships and driving growth in BARK’s Commerce segment, which grew 27% year-over-year in fiscal 2025, according to the company’s press release.
"Michael has been an extraordinary partner since joining the team," Meeker said in the statement. "His commercial instincts, operational discipline, and genuine passion for serving dogs and their people make him the right leader to help take BARK into its next chapter."
Prior to joining BARK, Black founded and served as President of Paragon International Advisors, a consulting firm focused on private equity investors in the pet industry. He also previously served as Chief Executive Officer and Chief Revenue Officer of Outward Hound, a dog toy company, and as Senior Buyer of Pet Accessories at Walmart.
Black holds an M.B.A. from the University of Arkansas and a Bachelor of Arts from Brigham Young University.
BARK, founded in 2011, provides subscription-based toy and treat services through BarkBox and Super Chewer, and sells products through retail partners including Target, Chewy, and Amazon. With a current market capitalization of $147 million and a current ratio of 1.55, the company maintains solid liquidity. Discover 14 additional key insights about BARK’s financial health and growth potential through InvestingPro’s comprehensive research report, part of its coverage of over 1,400 US stocks.
In other recent news, BARK Inc. reported its first-quarter 2025 earnings, with revenue reaching $102.9 million, exceeding analysts’ expectations of $99-$101 million. Despite this revenue beat, the company reported an earnings per share of -$0.02, slightly missing the forecast of -$0.01. The company has also completed the migration of its subscriber base to Ordergroove’s subscription platform and Shopify’s eCommerce engine. This transition includes BARK’s recurring revenue operations, which processed 13 million direct-to-consumer orders in fiscal year 2025, generating substantial revenue from its product lines. Additionally, BARK launched a new premium dog food line, "BARK in the Belly," with all profits dedicated to fighting canine hunger through the BARK Gives program. This product line features high-protein recipes and beneficial nutrients for dogs. These recent developments highlight BARK’s ongoing efforts to expand its product offerings and improve its operational infrastructure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.