BARK, Inc. reported its fiscal year 2025 results with total revenue of $484.2 million, a 1.2% decline from the prior year. Commerce revenue increased by 27.2% to $68.3 million, while gross margin improved by 70 basis points to 62.4%. The company recorded a net loss of $32.9 million, representing a $4.1 million improvement compared to the previous year. Adjusted EBITDA reached a record $5.2 million in the fourth quarter, marking the best quarterly performance in the company's history despite a revenue decline attributed to reduced direct-to-consumer marketing and retail shipment delays. For the quarter, BARK posted adjusted earnings per share of $0.01, revenue of $115.4 million, and a net loss of $6.1 million. Meanwhile, Petco Health + Wellness Company, Inc. (ticker $WOOF) reported first quarter 2025 net sales of $1.49 billion, down 2.3% year over year, and comparable sales declined by 1.3%. Gross profit margin expanded by approximately 30 basis points to 38.2%. The company posted an adjusted loss per share of $0.04 but exceeded earnings guidance with improved margins and operating income. Petco's strategy to reset retail fundamentals is showing early positive traction despite the slight revenue decline. Following the earnings release, Petco's shares were down 9.4% in premarket trading.