BARK, Inc. announced that its Board of Directors has authorized the repurchase of an additional $4.0 million of its outstanding common stock. This new authorization increases the company's flexibility for future repurchases in the near term. The decision reflects confidence in BARK's financial position and promising growth opportunities for Fiscal 2026.
As of December 31, 2024, $5.6 million remained under the company’s previous repurchase authorizations of $22.5 million. BARK has already repurchased over 11 million shares at an average price of $1.53 as of its most recent earnings call. This ongoing program demonstrates a commitment to enhancing shareholder value.
Zahir Ibrahim, Chief Financial Officer, stated that the company believes its progress has yet to be fully reflected in its share price. BARK plans to continue opportunistically repurchasing shares at current levels while maintaining financial flexibility for long-term growth investments. The repurchase program allows for transactions in open market, privately negotiated deals, or other means in accordance with securities laws.
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