The Original BARK Company Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2022
November 10, 2021 at 04:05 pm EST
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The Original BARK Company provided earnings guidance for the third quarter and full year of fiscal 2022. For the quarter, the company expects total revenue to be between $137 million to $139 million.
For the year, due to uncertainty surrounding the macro freight and shipping environment, the company anticipates roughly 2% of risk to the $516 million of revenue guidance originally provided in December of 2020.
BARK, Inc. is a dog-centric company. The Company is a vertically integrated, omnichannel brand serving dogs across two key categories: toys & accessories and consumables. All of its products are designed, developed, and branded BARK. The Company's segments include direct to consumer and commerce. Its products are sold Direct-to-Consumer (DTC) and through its network of retail partners. It offers BarkBox and Super Chewer, which are subscription products that feature monthly themed boxes of BARK toys and treats that are delivered directly to a dogâs home. Customers have the option to subscribe to these products on a one-month, six months, or twelve-month basis. It offers its customers incremental products via ATB, which allows it to cross-sell customers its full portfolio of products, including kibble, treats, toppers, dental, and more. Its toys category also includes revenue derived from the sale of other products, such as beds, leashes, apparel, and other miscellaneous products.