2022年12月8日

得到它!GameStop今天发布的第三季度收益报告显示，在扭转战略取得成效之前，该公司还有很多工作要做。虽然GameStop的亏损较2021年第三季度有所收窄，但其盈利和营收不及预期。与2021年第三季度相比，收入下降了8%以上，为11.86亿美元。该季度净亏损9,470万美元，较上年同期1.05亿美元的亏损有所改善。调整后每股亏损31美分。分析师此前预计，该公司销售额为13.45亿美元，经调整后每股亏损28美分。该公司还透露，虽然它仍然基本上没有债务，但它正在迅速消耗在meme股票热潮期间股价飙升时筹集的现金。GameStop首席执行官Matt Furlong在宣布业绩的简短评论中提到，GameStop的股东是公司最大的资产之一，他说他们“在我们努力改造公司的过程中继续表现出无与伦比的热情和支持。”财报公布后，股东们继续表现出部分支持，但热情不如之前。 GameStop stock, which had closed at $22.26, down 4.83% for the day, bounced back a bit in after hours trading, but as of 8 p.m. hadn’t regained what it had lost Wednesday before the earnings announcement. Wall Street’s main gripe with GameStop since activist investor Ryan Cohen and a new management team took the reins 18 months ago has been that Furlong and his executives haven’t shared many specifics about their turnaround strategy, and have not subjected themselves to analyst questions during the earnings calls. MORE FOR YOU Furlong, in today’s call, said GameStop’s “two over-arching priorities” currently are “achieving profitability in the near-term” and “driving pragmatic growth over the long-term.” GameStop announced a round of layoffs in July and reportedly laid off a number of tech and blockchain employees recently. Furlong, in his remarks, said the company is “in the process of aligning corporate costs to our go-forward needs.” A large portion of those cost savings, he said, would result from “reductions in corporate headcounts.” GameStop, Furlong said, plans to maintain a sizeable cash position to protect itself from a challenging economic environment. That cash position will also, he said, give it the option to explore acquisitions “if a strategic asset or complimentary business becomes available in the right price range.” The earnings report, however, showed that cash and cash equivalents on hand declined from $1.413 billion in the third quarter of 2021, to $803.8 million in the third quarter of this year. The report lists a new category, marketable securities, not listed in the 2021 report, at $238.3 million. GameStop includes that category in its cash on hand number, bringing it to $1.042 billion. Furlong said the company now is well-positioned to pursue new opportunities in gaming, as well as in the high-potential categories of collectibles and pre-owned merchandise. Foot traffic analytics firm Placer.ai reported this week that GameStop enjoyed big increases in customer traffic in its stores during November. During the week of Nov. 21, which included Black Friday, store visits were up 23.1% over the previous week, GameStop’s biggest weekly gain since early August, according to Placer.ai. The bad news for GameStop is that Placer.ai data from last year shows that visits for all of November were down 2.6% from November 2021. GameStop’s efforts to become a bold innovator in gaming and retail hit a bump in early November, with the bankruptcy of cryptocurrency exchange FTX, two months after GameStop announced it had entered into a partnership with FTX and that it would be selling FTX gift cards in its stores. On November 11 GameStop tweeted that it had ended the partnership and that it would refund gift card purchases. Furlong didn’t refer to the FTX partnership in the call, but said “the company’s exposure to digital assets has been very modest, thanks to risk management efforts.” “The company has proactively minimized exposure to crypto currency risk throughout the year and does not currently hold a material balance of any token,” Furlong said. “Although we continue to believe there is long-term potential for digital assets in the gaming world, we have not and will not risk meaningful stockholder capital in the space,” he said. Furlong, in the call, said stockholder passion for GameStop is a “major tailwind” in the company’s favor. If that tailwind weakens, the headwinds may prove too strong for GameStop.