Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
NEW YORK - BARK, Inc. (NYSE:BARK) saw its shares drop 4% in after-hours trading on Wednesday after the dog-focused e-commerce company reported fourth quarter revenue that fell short of analyst expectations and provided a disappointing outlook for the current quarter.
The company, which sells dog products through subscription boxes and retail channels, posted revenue of $115.4 million for the fiscal fourth quarter ended March 31, down 5% year-over-year and below the consensus estimate of $126.78 million. Adjusted earnings per share came in at $0.01, in line with expectations.
BARK’s direct-to-consumer revenue declined 8.5% to $100.1 million, which the company attributed to a deliberate reduction in marketing spend amid rising tariffs and macroeconomic uncertainty. However, its commerce revenue through retail partners grew 26.5% to $15.4 million.
Looking ahead, BARK forecast first quarter revenue of $99-$101 million, well below the $116.2 million reported in the same period last year. The company cited continued reductions in marketing spend and delays in retail orders due to tariff concerns.
"Despite ongoing macroeconomic uncertainty and tariffs impacting growth, our team is executing against a clear plan to diversify our revenue and maintain our strong margins," said CEO Matt Meeker.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.