BARK Fiscal Q4 Revenue Declines; Plans $40 Million Share Buyback

MT Newswires Live06-10

BARK (BARK) reported fiscal Q4 adjusted earnings late Tuesday of $0.07 per diluted share. The company, which had 1-for-20 reverse stock split that became effective on April 1, had reported adjusted earnings per share of $0.01 a year earlier.

Two analysts polled by FactSet expected a loss of $0.40.

Revenue for the quarter ended March 31 was $86.6 million, down from $115.4 million a year earlier. Three analysts expected $96.3 million.

The company said it expects fiscal Q1 revenue between $77 million and $79 million. Two analysts expect $106 million.

For full-year fiscal 2027, the company expects revenue between $325 million to $340 million. Three analysts expect $414.3 million.

The company said its board has authorized a share repurchase program of up to $40 million of its common stock.

Shares of the company were down 1.8% in after-hours activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment