Bark, Inc. (BARK), a prominent omnichannel pet brand, revealed on Monday that its preliminary third-quarter revenue exceeded the top end of its guidance, marking a 1.1 percent increase compared to the previous year. The company anticipates a third-quarter loss of $11.5 million, which represents an improvement over the loss reported for the same period last year. This year's loss was $1.4 million greater than in the previous year, mainly due to a $1.8 million gain from debt extinguishment.
The preliminary revenue for the quarter is estimated to be around $126.4 million. Looking ahead to fiscal year 2025, Bark, Inc. has reaffirmed its total revenue guidance, projecting between $490 million and $500 million, with expectations for year-over-year growth ranging from flat to 2.0 percent.
