Confidential & Proprietary. Two Point Technologies.

Connecting
What Matters.

Barker Beds
2026 Performance Analysis
Dates Covered: April 1 to 30, 2026
An Honest Conversation

We need to talk about the back half of the funnel.

April was a strong commercial month and the front of the funnel is doing its job. But two of the three stages of the customer journey are flashing amber, and the market around us is getting harder, not easier.

Stage 01
Can we acquire customers?
Yes
1,204 new customer orders in April. 5,091 YTD. Acquisition engine is firing.
Stage 02
Can we acquire them well?
Watching
NCPA up through 2026: $110 (Jan) to $150 (Apr). Competition is intensifying, stock dipped, market getting more competitive. Discount removal and AOV growth are working. We stay the course.
Stage 03
Can we keep them?
Biggest Risk
YTD returning customer rate stuck at 30%, not growing. Where it spikes, it spikes because new customer acquisition stumbles, not because retention improves. The base rate is not moving.
02
Re-Forecasting 2026

The $7.35M plan needs a haircut. ~$510k of it sits in retention.

$0M $2M $4M $6M $8M Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YOU ARE HERE $7.35M Original plan $6.84M Re-forecast RETENTION GAP ~$510K
Actuals through April
Original $7.35M plan (35% returning rate)
Re-forecast at 28% returning (expected)
03
Today's Agenda

What we'll work through.

01

Deep Dive: Platforms

Google, Meta, Reddit, Amazon, what each is doing for us

02

Deep Dive: Audience

Who is buying, where they live, what they're worth

03

Deep Dive: Creative

What worked in April, what fell flat, why

04

Deep Dive: Product

The case for Puppy and Travel as our next focus

05

Actioning the Insights

What we're doing about it, on what timeline

06

Next Steps

Where we go from here

04
01 / Deep Dive

Platforms.

05
A view of Google

We scaled Google. It scaled with us.

Spend up, ROAS holding, purchase volume climbing.

Google was the channel we leant into in April. We pushed budget through non-brand search into orthopedic and large-breed queries, and the account took it cleanly: $125k of spend, $516k of conversion value, 744 purchases. Cost per acquisition stayed in line with March.

Critically, scaling did not break efficiency. The account is structurally sound enough to absorb additional budget without ROAS collapse, which is a strong signal that there is headroom on this channel into May and Q2.

The takeaway: Google is the most predictable acquisition lever we have. Scale here is real growth, not borrowed growth. Headroom remains.
Spend (Apr)
$125,428
Conv. Value
$516,457
ROAS
4.12x
Purchases
744
CPA
$168.59
YTD Spend
$386,823
06
A view of Meta

Meta is working as a full funnel.

$49,886 of April spend, spread deliberately across three layers. Each layer measured against the right metric for its job, each one doing what it was built to do.

01
Top of Funnel

Reach new audiences.

"Meet Their Super Power" lifestyle films. Built to put the brand in front of people who don't know us yet.

Impressions
9.0M+
Unique Reach
3.0M
CPM
$2.02
View Rate
Strong
Measured on: reach & impressions
02
Middle of Funnel

Engage warm audiences.

Engagement-led variants (Rush) keep people interacting with the brand. Click-through is the signal.

CTR (Rush)
4.50%
Outbound CTR
2.86%
CPC
$0.13
Bench. CTR
4x
Measured on: engagement & CTR
03
Bottom of Funnel

Convert to purchase.

Static Dynamic catalogue ads. The conversion layer working the consideration that the upper layers built.

Purchases
220+
Top ROAS
7.26x
Best CPA
$41
Hero Format
Static Dynamic
Measured on: purchases & ROAS
07
A view of Reddit

Reddit is scaling into our growth lane.

Live since 19 March. Reddit's first full month showed week-on-week growth in reach and engagement across a high-intent dog-owning community. Budget and subreddit coverage have both expanded into May.

Weekly Reach Trend
+350% Since Launch
0 100k 200k 300k 400k W1 W2 W3 W4 W5 W6 W7 W8 W9
Weekly reach has grown more than 350% from launch week to early May as we've added subreddits and lifted budget ceilings.
Subreddit Coverage
r/dogs r/dogadvice r/germanshepherds r/labradors r/goldenretrievers + Mastiff, GSD (May)
What's Next
  • Expand into breed-specific large-dog subs
  • Wire UTM + post-purchase survey attribution
  • Scale or kill decision end May
08
A view of Amazon

Amazon was a tale of two halves.

$17,233 revenue, up 58% YoY. The first 14 days delivered 89.5% of the month. From 15 April an ODR breach collapsed the Featured Offer to ~2%, recovered to 62% on 6 May after buyer messages and feedback removals were worked through.

Revenue (Apr)
$17,233
+58% YoY
First 14 Days
$15,424
89.5% of month
Last 16 Days
$1,810
post-ODR collapse
Buy Box (6 May)
62%
recovered
Daily Revenue, April 2026
12 of 16 days post-breach: $0 attributed sales
$0 $500 $1k $1.5k $2k Apr 1 Apr 8 Apr 15 Apr 22 Apr 29 ODR BREACH
09
02 / Deep Dive

Audience.

10
A view of GA4

Who is buying. An established, broad age base.

Of identified GA4 users in April, four age bands sit close together at the centre of gravity (25 to 64), with 65+ a solid fifth segment. Under 25 is a slim 5% sliver. The audience reads as established adults across multiple life stages, not a single narrow segment.

22.0% 20.0% 20.0% 18.0% 15.2%
Share of Identified Users (April 2026)
35-44 · 4,837 users
22%
45-54 · 4,420 users
20%
55-64 · 4,419 users
20%
25-34 · 3,969 users
18%
65+ · 3,353 users
15%
18-24 · 1,035 users
5%
The takeaway: we show up across every adult age group. No segment is missing, no segment is dominant. The audience reads as broad, established, and decisive once they're on site.
11
A view of Shopify

When prices went up, new customers held.

Prices increased in March. AOV continued climbing through April. New customer volume held flat. The premium positioning has been validated.

AOV, Oct to Apr
$220 $303 +38%
New Customers, April
1,204 held flat
AOV
New Customers
$200 $240 $280 $320 $360 600 900 1.1k 1.3k 1.5k Oct Nov Dec Jan Feb Mar Apr PRICE INCREASE
12
A view of GA4

Big Dog Energy, coast to coast.

Top 10 states account for 52% of April active users. No single state dominates. The audience is national. Hover any state for detail.

Alabama Arizona Arkansas Colorado Connecticut Delaware Georgia Idaho Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico North Dakota Oklahoma Oregon Rhode Island South Carolina South Dakota Tennessee Utah Vermont Washington West Virginia Wisconsin Wyoming California , 10.72% (10,015 users) Florida , 6.57% (6,139 users) Illinois , 3.59% (3,352 users) Michigan , 3.35% (3,125 users) New York , 5.72% (5,344 users) North Carolina , 3.77% (3,516 users) Ohio , 3.74% (3,491 users) Pennsylvania , 3.73% (3,481 users) Texas , 7.51% (7,013 users) Virginia , 3.41% (3,184 users) CALIFORNIA 10.72% TEXAS 7.51% FLORIDA 6.57% NEW YORK 5.72% NORTH CAROLINA 3.77% OHIO 3.74% PENNSYLVANIA 3.73% ILLINOIS 3.59% VIRGINIA 3.41% MICHIGAN 3.35% TOP 10 STATES 52% of April active users
13
03 / Deep Dive

Creative.

14
A view of Meta

Static catalogue ads are our conversion engine.

Static Dynamic catalogue formats delivered over 270 purchases across April at strong ROAS. They are pulling so reliably that protecting their foundation, the merchant feed, the product data, the catalogue hygiene, is now as important as the creative itself.

Top Performing Ads (April)
Spend
ROAS
Purchases
CPA
Static Dynamic | Covers & Liners Catalogue
Prospecting
$7,228
4.70x
113
$63.97
Static Dynamic | All Products Catalogue
Prospecting
$9,403
3.60x
107
$87.88
Static Dynamic | Covers & Liners Catalogue
Retargeting
$2,925
5.34x
54
$54.18
Static Dynamic | On-The-Go Catalogue
Retargeting · Travel beds
$1,193
3.79x
20
$59.66
Static Dynamic | 7" Beds Catalogue
Retargeting
$1,101
4.65x
17
$64.77
Static Dynamic | Crate Beds Catalogue
Prospecting
$660
7.26x
16
$41.24

The implication: static catalogue ads are this efficient because the feed is clean. Keeping it that way matters. Locked-down merchant hygiene, no rogue products, no ad-hoc changes to the catalogue, no buttons pressed without a clear reason. The conversion engine is fragile by design.

15
A view of Meta

Our new lifestyle creative is opening up new audiences.

The Q2 "Meet Their Super Power" arc, anchored on Sleep is Your Dog's Superpower, was built to do one thing at the top of the funnel: reach audiences we have never put the brand in front of. April delivered against that brief at a scale we haven't seen on Meta before.

Hero Reach Asset

Meet Their Super Power | The Pup

Impressions
2.97M
Reach (Unique)
1.5M+
CPM
$2.02
Clicks
3,225

$2.02 CPM is exceptional for a video at this scale. Hero reach asset doing its job: putting the brand in front of new audiences cheaply.

Engagement Hero

Meet Their Super Power | Rush

CTR
4.50%
Outbound CTR
2.86%
CPC
$0.13
Impressions
329k

4.5% CTR is roughly 4x our typical brand creative benchmark. Story is landing. Audience is leaning in. Engagement is the lead indicator for future demand.

The story: top-of-funnel lifestyle creative is doing what lifestyle creative should do, reaching new audiences cheaply, generating engagement, building the consideration pool. Measuring it by last-click ROAS would be measuring the wrong thing. The catalogue layer is there to convert what this layer brings in.

16
04 / Deep Dive

Product.

17
Product Strategy

Two focuses, already in the catalogue.

Re-skin and re-position what we already own. No new SKUs needed in 2026.

Focus 01

Puppy.

Audience gap
5%
under-25s in identified GA4
In lineup
Junior
Orthopedic + Puppy Bundle (24 Mar)
Creative signal
2.97M
Pup video reach in April
Why it matters
First-purchase capture compounds into multi-bed LTV.
Focus 02

Travel.

Search signal
33% CTR
on "big barker suv bed"
In lineup
Fold-N-Go
+ Easy Rider SUV Bed
Paid signal
3.79-7.97x
On-The-Go ROAS in April
Why it matters
A second-purchase product for our existing core buyer.
18
05

Actioning the insights.

19
The Strategic Move

We need to get strategic, before Q3 and Q4 make us pay for it.

Right now we are still operating tactically. The data says that will not be enough through the back half of the year. Acquisition is getting more expensive, retention is not moving, and the competitive set is sharpening. The one strategic move that fixes the most problems at once is data enrichment, so we actually know our audience and can market to them properly.

The Strategy

Build a data enrichment programme.

Know who is buying. Know what life stage they're in. Know which segment converts at which AOV. Use that to market to each segment specifically, and turn them into repeat buyers at the same or higher AOV. Not lower.

Know
Who they are
Reach
Market correctly
Convert
Repeat purchases
Protect
AOV, never down
New Customers
Keep expanding. Existing products only.

New audiences, new platforms (Reddit), new lifestyle creative. We sell what we already have. We do not need new product to grow the audience.

Q3 Watch
This is where it starts to hurt.

Rising NCPA + flat retention + competitive heat. Q4 is where it really hurts. We close that window in May and June or we don't close it.

Not For 2026
Product development.

NPD is a 2027 conversation. 2026 is about getting strategic with what we already have.

20
06

Questions.

21

Thank
You.

Transforming Businesses Through Technology and Creativity
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