Page 1

BARK BARK Reports First Quarter Fiscal Year 2022 Results NEW YORK , August 09 , 2021 — The Original BARK Company ( NYSE : BARK ) ( “ BARK ” or the " Company " ) , a leading global omnichannel brand for dogs and their parents , today announced financial results for the fiscal quarter ended June 30 , 2021 . Highlights Quarterly subscription shipments increased 52.4 % to 3.6 million , year - over - year . Delivered fiscal first quarter 2022 revenue of $ 117.6 million , a 57.2 % increase year - over - year . Maintained robust gross margin of 59.3 % . Add - to - Box revenue contributed $ 7.0 million of quarterly revenue , up 173.5 % , versus fiscal Q1 2021 . BARK reaffirms fiscal year 2022 guidance , including $ 516 million of total revenue . Continued to invest in BARK Eats , machine learning technology , and fulfillment infrastructure . ● " We are extremely pleased with our strong start to fiscal year 2022. During the quarter , we increased subscription shipments 52 % year - over - year , continued to optimize our add - to - box feature across our suite of products , and partnered with iconic brands such as Warner Bros. and The NBA " , said Manish Joneja , Chief Executive Officer of BARK . " We continue to believe our unique value proposition from our world - class Happy and Creative teams to our machine learning capabilities will have a halo effect on our newer , less discretionary categories such as health and food . " Fiscal First Quarter 2022 Details : Revenue Total revenue increased 57.2 % to $ 117.6 million in the first quarter of fiscal year 2022 as compared to $ 74.8 million in the first quarter of fiscal year 2021 . Direct to Consumer ( “ DTC ” ) revenue increased 57.0 % to $ 105.4 million in the first quarter of fiscal year 2022 as compared to the same quarter of fiscal year 2021. The growth in DTC revenue was driven by an increase in Subscription Shipments , Average Order Value ( “ AOV ” ) , and Add - to - Box revenue . Commerce revenue increased 58.7 % to $ 12.2 million in the first quarter of fiscal year 2022 as compared to the first quarter of fiscal year 2021. This growth was driven by increases in both the number of retailers we partnered with including Lowes , as well as volume increases amongst existing retailer partners , which include Target , Petco , PetSmart , and Costco , among others . 1