BARK Reports Mixed Q2 Results, Pays Off Debt

BARK, known for its dog-focused products, reported higher-than-expected Q2 revenue of $107 million, despite a slight adjusted loss of $0.03 per share. The companys shares rose slightly after the announcement, despite a 15% revenue decrease compared to last year. BARKs diversification efforts shone, with Commerce revenue up 5.6% and BARK Air service revenue surging 138%. The company also paid off $45 million in debt and secured a $35 million line of credit. However, BARK expects lower revenue in Q3 and didnt provide a full-year forecast due to tariff-related uncertainties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.