BARK celebrates the launch of new product at the New York Stock Exchange
The publicly listed pet food subscription company rings the popular opening bell at the American stock exchange, where it has been trading since 2021.
BARK announced that it is expanding its pet food portfolio, offering a line of breed-specific dog nutrition formulations for Chihuahuas, Labradors and Pitbulls.
According to the company, it serves around 275,000 of these types of dogs.
During the event at the New York Stock Exchange, CEO and co-founder Matt Meeker claimed the company is planning to expand the number of formulas and breeds. “We are going to add seven more, reaching 10 breeds,” he commented.
In the the first quarter of FY 2023 ending June 30 2022, BARK reached a revenue of $131.2 million, a 12% increase.
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