Latest news with #MinimumStockPriceStandard
Miami Herald
16-07-2025
- Business
- Miami Herald
Popular pet products brand receives warning as losses pile up
People love their pets, but they also love their money, and generally become fairly careful when it comes to spending money on their animals. That's not to say people don't lavish their dogs and cats with toys, food, and all sorts of other things to play on or play with, but they are somewhat cautious when doing it. Related: Walmart announces generous offers rivaling Target Most pet owners understand that you can buy pet toys from Amazon or Chewy at very low prices. That makes them less likely to buy those items if they happen to be in a pet store. Pet stores themselves have struggled because who wants to go to a physical location to buy something heavy like dog food or kitty litter? Instead, most people, or at least many pet owners, have those items delivered by either Amazon or Chewy. Don't miss the move: Subscribe to TheStreet's free daily newsletter People can love their pets and be willing to spend a lot of money on them without actually doing so. Your dog does not know he's playing with your old tennis ball or a new toy that came as part of a subscription service. When an animal can have fun with the empty box, the item was delivered in, that makes it hard to argue for lavish spending on dog related items. Shutterstock-Mariya Kuzema There was a period where subscription boxes were really hot. You might sign up to get a box filled with comic books, workout gear, or who knows what else every, quarter, or even every month. BarkBox was an attempt to leverage that craze for dogs. The company offers one simple product: "BarkBox: A monthly themed box of toys, treats, and unleashed joy, thoughtfully designed to satisfy every dog's unique playstyle," BarkBox shared on its website. Pet parents have to answer some questions about their dog and then can select the frequency of delivery. BarBox also offers selections based around more durable toys: "Super Chewer: A monthly themed box of durable toys, treats, and chews for adventure-seeking dogs, designed to challenge and engage for longer-lasting play." More Retail: Huge retail chain suddenly closing hundreds of storesMajor retailer scores huge benefit from Joann bankruptcyHome Depot, Target, Ulta and more strike back at retail crime And, there's a box for dental care: "Dental: Health and wellness support that makes caring for your dog simple, effortless, and totally worth a full-body tail wag." And, of course, a food option as well: "Food: Healthy and delicious food and supplements for your breed, made by nutritionists and delivered to your door." Bark, Inc. shared that the New York Stock Exchange issued a notice on July 10, 2025 informing the company that it is no longer in compliance with its continued listing standards under the NYSE's Minimum Stock Price Standard. The average closing price of the company's common stock was less than $1 per share over a consecutive 30 trading-day period ended July 9, 2025. Under Section 802.01C, the section of the NYSE rules that includes the Minimum Stock Price Standard, Bark has six months following receipt of the notice to regain compliance with the listing standard. Compliance can be achieved if on the last trading day of any calendar month during the cure period (or the last trading day of the cure period) the company has a closing share price of at least $1 and an average closing share price of at least $1 over the prior 30 trading-day period ending on the last trading day of the applicable calendar month or the cure period. Bark intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE's continued listing standards, including, but not limited to, a reverse stock split, subject to stockholder approval. "The notice has no immediate impact on the listing of the company's common stock, which will continue to be listed and traded on the NYSE during such cure period, subject to the company's compliance with other NYSE continued listing standards. Furthermore, the notice is not anticipated to impact the ongoing business operations of the Company or its reporting requirements with the U.S. Securities and Exchange Commission," the company shared in a press release. Related: Brewery chain still operating after Chapter 11 bankruptcy For the full year, Bark saw total revenue drop by 1.2% to $484.2 million. The company's loss of $32,9 million was actually an improvement over the previous year. The company's cash and cash equivalents balance as of March 31, 2025 was $94 million, and reflects $10.5 million of share repurchases in the fourth quarter at an average price of $1.71. Bark's inventory balance as of March 31, 2025 was $88.1 million, a $3.9 million increase compared to last year. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Wire
11-07-2025
- Business
- Business Wire
BARK Announces Receipt of Notice of Non-Compliance with the NYSE Continued Listing Standards
NEW YORK--(BUSINESS WIRE)--BARK, Inc. ('BARK' or the 'Company') (NYSE: BARK), a leading global omnichannel dog brand with the mission to make all dogs happy, announced today that the New York Stock Exchange (the 'NYSE') issued a notice (the 'Notice') on July 10, 2025 informing the Company that it is no longer in compliance with its continued listing standards set forth in Section 802.01C (the 'Minimum Stock Price Standard') because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period ended July 9, 2025. Under Section 802.01C, the Company has six months following receipt of the Notice to regain compliance with the listing standard. Compliance can be achieved if on the last trading day of any calendar month during the cure period (or the last trading day of the cure period) the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period ending on the last trading day of the applicable calendar month or the cure period. The Company intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE's continued listing standards, including, but not limited to, a reverse stock split, subject to stockholder approval. The Notice has no immediate impact on the listing of the Company's common stock, which will continue to be listed and traded on the NYSE during such cure period, subject to the Company's compliance with other NYSE continued listing standards. Furthermore, the Notice is not anticipated to impact the ongoing business operations of the Company or its reporting requirements with the U.S. Securities and Exchange Commission. About BARK BARK is the world's most dog-centric company, devoted to making all dogs happy with the best products, services, and content. BARK's dog-obsessed team leverages its unique, data-driven understanding of what makes each dog special to design playstyle-specific toys, wildly satisfying treats, dog-first experiences that foster the health and happiness of dogs everywhere, and more. Founded in 2011, BARK loyally serves millions of dogs nationwide with BarkBox and Super Chewer, its themed toys and treats subscriptions; custom product collections through its retail partner network, including Target, Chewy, and Amazon; and BARK Air, the first air travel experience designed specifically for dogs first. At BARK, we want to make dogs as happy as they make us because dogs and humans are better together. Sniff around at for more information. Forward Looking Statements This press release contains 'forward-looking statements' for purposes of the federal securities laws. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements under the US securities laws. All statements, other than statements of present or historical facts, contained in this press release, regarding the listing of our common stock on the NYSE and expectations, plans and objectives of management are forward-looking statements. Forward-looking statements are typically identified by such words as 'plan,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'outlook, 'estimate,' 'will,' 'should,' 'would' and 'could' and other similar words and expressions. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by the forward-looking statements, including, but not limited to: our ability to implement business plans, forecasts, and other expectations; our ability to finance and invest in growth initiatives; the ability to get the stockholder approval to effectuate a reverse stock-split, if necessary; and the other risks disclosed in the Company's annual report on Form 10-K, copies of which may be obtained by visiting the Company's Investor Relations website at or the SEC's website at Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the Company on the date hereof. The Company assumes no obligation to update such statements.
