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