Bark reports Q2 adjusted EPS (1c), consensus (3c)

Reports Q2 revenue $123M vs $143.814M last year. “Macroeconomic headwinds continue to pressure the dog toy industry, which is down double digits this fiscal year. While these headwinds have impacted our top-line, our results last quarter showcased the significant progress we have made in improving the long-term profitability profile of the Company. We delivered our first positive Adjusted EBITDA quarter as a public company and achieved another quarter of positive free cash flow,” said Matt Meeker, Chief Executive Officer of BARK. “In less discretionary categories like consumables, we have made important progress across both our direct-to-consumer and retail channels. In addition to our recent partnership with the Girl Scouts, we secured our first commitment from a leading retailer in the U.S., slated to introduce our new treat offering in over one thousand doors nationwide come spring 2024. These are exciting milestones that lay the groundwork for our future growth in the category and we expect additional developments in the consumables category in the near future.”