BARK (NYSE: BARK), a leading dog product company, delivered a mixed bag of results in its fiscal Q4 2024 earnings report.

Key Highlights:

• Earnings Per Share (EPS): Beat analyst expectations by $0.02, reporting $0.01 EPS.
• Revenue: Missed analyst consensus, generating $121.5 million compared to the expected $122.51 million.
• Year-over-Year (YoY) Revenue Decline: Revenue dipped 3.6% compared to the same quarter last year, primarily due to fewer orders in BarkBox and Super Chewer subscriptions.
• Gross Margin Improvement: Positive news with a significant YoY increase of 580 basis points to 62.7%.
• Reduced Net Loss: Net loss contracted by 65.5% YoY to -$4.9 million.

CEO Commentary:

• Matt Meeker, CEO of BARK, emphasized the positive aspects, including exceeding EPS expectations, achieving a second consecutive quarter of positive adjusted EBITDA ($2.2 million), and improved free cash flow for the year.

Looking Forward:

• Fiscal 2025 revenue guidance is between $490 million and $500 million, falling short of analyst expectations of $511.3 million (flat to 2.0% YoY growth).
• Adjusted EBITDA is anticipated to range from $1.0 million to $5.0 million for fiscal year 2025, reflecting a significant improvement.
• Fiscal Q1 2025 revenue is expected between $113.0 million and $116.0 million, with adjusted EBITDA between -$4.0 million and -$2.0 million. No guidance was provided for net loss due to uncertainties like stock-based compensation expenses.

Overall, BARK's earnings report presents a mixed picture. While exceeding EPS expectations and demonstrating progress in profitability, the company missed revenue targets and provided a conservative revenue forecast for the coming year. Investors will likely be watching closely to see if BARK can reignite subscription growth and meet its fiscal 2025 goals.