BARK, Inc.

GNK Holdings said it is evaluating a potential cash tender offer to acquire BARK at $11.00 per share in cash, sending the dog-centric company's shares up over 20% premarket on Friday. As part of its evaluation, GNK is seeking non-binding indications of interest from BARK shareholders to gauge participation in a transaction at that price, with responses due by October 9, 2026. GNK said it believes BARK has a valuable and widely recognized brand, meaningful assets and significant long-term potential, but that it has become extremely frustrated with the lack of meaningful progress in creating shareholder value and the pace at which the company has sought to unlock its potential. Earlier in January, BARK received a preliminary, non-binding go-private proposal from Great Dane Ventures, an investor group led by CEO and Executive Chairman Matt Meeker and other existing shareholders, and later attracted an offer from a group including GNK and Marcus Lemonis at a higher price, an all-cash transaction valued at $1.10 per share. BARK said in March it would not pursue a transaction after reviewing previously disclosed acquisition proposals, including the GNK and Marcus Lemonis offer that its board determined undervalued the company.

Mattel reported second-quarter revenues of $1.13 billion, up 10.5% year on year and 2.4% above analysts' expectations, yet the toy maker missed analysts' EPS and EBITDA estimates and its stock has fallen 7.1% since reporting to trade at $13.81. The results came as the four consumer discretionary toys and electronics stocks tracked in the roundup collectively beat consensus revenue estimates by 3.8%, with next quarter's revenue guidance 5% above expectations and share prices up 2.4% on average since the latest earnings results. Bark posted the group's best quarter, with revenues of $78.82 million, down 23.4% year on year but 2.4% ahead of expectations, alongside beats on EPS and EBITDA, sending its stock up 4.7% to $9.59. Hasbro reported revenues of $1.14 billion, up 16.2% year on year and 6.6% above estimates, with EPS and EBITDA also beating, and its stock is up 10.3% at $89.99. Funko logged revenues of $207.7 million, up 7.4% year on year and 3.7% above expectations, with EPS and EBITDA beats, and its stock is up 1.8% at $5.38.