Bark (BARK) To Report Earnings Tomorrow: Here Is What To Expect

Anthony Lee /
2024/06/02 3:01 am EDT

Pet products provider Bark (NYSE:BARK) will be announcing earnings results tomorrow afternoon. Here's what to look for.

Bark beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $125.1 million, down 6.9% year on year. It was a mixed quarter for the company. Bark slightly beat analysts' revenue estimates, driven by better-than-expected Direct-to-Consumer sales. In addition, it topped Wall Street's free cash flow projections and lifted its Q4 revenue guidance. On the other hand, its operating margin missed analysts' expectations.

Is Bark a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Bark's revenue to decline 2.8% year on year to $122.5 million, in line with the 2.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.

Bark Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bark has missed Wall Street's revenue estimates twice over the last two years.

Looking at Bark's peers in the toys and electronics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hasbro's revenues decreased 24.3% year on year, beating analysts' expectations by 2.2%, and Mattel reported flat revenue, falling short of estimates by 2.8%. Hasbro traded up 11.8% following the results while Mattel was also up 2.2%.

Read our full analysis of Hasbro's results here and Mattel's results here.

Investors in the toys and electronics segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Bark is up 10.7% during the same time and is heading into earnings with an average analyst price target of $2 (compared to the current share price of $1.34).

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