xiaojn
2021-12-17
Yes
No One Knows What Game Is GameStop Playing
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However","content":"<p>Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its earnings conference call to just management’s prepared remarks, without allowing Wall Street to ask any questions during a call that ended up being an eight-minute reading.</p>\n<p><img src=\"https://static.tigerbbs.com/59db63e692307f2bd4125d05c605b6e0\" tg-width=\"600\" tg-height=\"449\" width=\"100%\" height=\"auto\"></p>\n<p><b>Third quarter results- spending money to make money</b></p>\n<p>Although revenue rose 29% to just under $1.3 billion, coming close to its 2019 position when it generated $1.4 billion in sales, GameStop saw losses widen significantly in the period to $1.39 per share from $0.53, far worse than the $0.58 per share loss analysts were anticipating. Overall net loss grew to $105.4 million.</p>\n<p>Expenses jumped to $421.5 million which is expected as the company is investing heavily in being able to confront an online and digital future of gaming. Moreover, inventory rose to $1.14 billion as the company is stocked for the holidays as opposed to $861 million at the end of last year’s comparable quarter. However, it should be noted that Black Friday that tends to bring the peak demand isn’t included in these results.</p>\n<p><b>Infrastructure investments</b></p>\n<p>GameStop recently opened a new customer care facility in Florida for which it hired 500 employees. The facility has been presented as a key element of its future growth plans but it’s only one of several infrastructure investments the company has made recently, including two large fulfillment centers in Nevada and Pennsylvania or more precisely, additional 1 million square feet of warehouse space that is being stocked with merchandise. Considering the supply chain issues hampering other retailers, this spending is justified ahead of the holiday season. But the video gaming company still did not reveal its exact plans for all that space.</p>\n<p><b>GameStop is set to become the “Amazon of gaming”</b></p>\n<p>GameStop entered the year with three distribution facilities and added new fulfilment centers in York, Pennsylvania, and Reno, Nevada, along with the customer care center in Florida. Building out this massive footprint with Amazon-sized centers is essential to realizing chairman Ryan Cohen’s vision. So, while Cohen and CEO Matt Furlong aren’t saying it out loud as Furlong only teased GameStop has “been exploring emerging opportunities in blockchain, NFTs, and Web 3.0 gaming”, the company’s actions speak for themselves. It would have also been nice to hear more about its partnerships with Samsung, LG Display Co Ltd (NYSE: LPL), Razer Inc (OTC: RAZFF), Vizio Holding Group (NYSE: VZIO), Logitech (NASDAQ, LOGI) and Asus management previously teased.</p>\n<p><b>The verdict</b></p>\n<p>GameStop is a company undergoing transformation from a brick-and-mortar chain into an e-commerce retailer. But this turnaround is taking place in an environment shaped by escalating costs that are causing the company to burn through twice as much cash compared to a year ago. Unfortunately, management is practically not any particular insight into what it is doing to engineer this business turnaround. However, in times when so many companies used opaque reporting in the past to cover up fraud, simply saying buzzwords and catchphrases is never as good as actually shining light on the company’s actions. In addition, a recent Kotaku report show the discontent of store workers who say they are overworked and understaffed. Fortunately for the company, it seems small investors are patient and are trusting the leadership of former Chewy.com (NYSE: CHWY) founder Ryan Cohen who made billions selling pet food online. He brought former Amazon.com Inc (NASDAQ: AMZN) executives on board, and since then, GameStop has reduced online shipping times for games from weeks to days. For now, it seems investors are giving him space to do what is necessary for GameStop to reverse course – only time will tell if Cohen’s strategy can win the game.</p>","source":"lsy1622643980725","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>No One Knows What Game Is GameStop Playing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNo One Knows What Game Is GameStop Playing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-17 14:12 GMT+8 <a href=https://iamnewswire.com/no-one-knows-what-game-is-gamestop-playing/><strong>IAM Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its ...</p>\n\n<a href=\"https://iamnewswire.com/no-one-knows-what-game-is-gamestop-playing/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://iamnewswire.com/no-one-knows-what-game-is-gamestop-playing/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158215178","content_text":"Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its earnings conference call to just management’s prepared remarks, without allowing Wall Street to ask any questions during a call that ended up being an eight-minute reading.\n\nThird quarter results- spending money to make money\nAlthough revenue rose 29% to just under $1.3 billion, coming close to its 2019 position when it generated $1.4 billion in sales, GameStop saw losses widen significantly in the period to $1.39 per share from $0.53, far worse than the $0.58 per share loss analysts were anticipating. Overall net loss grew to $105.4 million.\nExpenses jumped to $421.5 million which is expected as the company is investing heavily in being able to confront an online and digital future of gaming. Moreover, inventory rose to $1.14 billion as the company is stocked for the holidays as opposed to $861 million at the end of last year’s comparable quarter. However, it should be noted that Black Friday that tends to bring the peak demand isn’t included in these results.\nInfrastructure investments\nGameStop recently opened a new customer care facility in Florida for which it hired 500 employees. The facility has been presented as a key element of its future growth plans but it’s only one of several infrastructure investments the company has made recently, including two large fulfillment centers in Nevada and Pennsylvania or more precisely, additional 1 million square feet of warehouse space that is being stocked with merchandise. Considering the supply chain issues hampering other retailers, this spending is justified ahead of the holiday season. But the video gaming company still did not reveal its exact plans for all that space.\nGameStop is set to become the “Amazon of gaming”\nGameStop entered the year with three distribution facilities and added new fulfilment centers in York, Pennsylvania, and Reno, Nevada, along with the customer care center in Florida. Building out this massive footprint with Amazon-sized centers is essential to realizing chairman Ryan Cohen’s vision. So, while Cohen and CEO Matt Furlong aren’t saying it out loud as Furlong only teased GameStop has “been exploring emerging opportunities in blockchain, NFTs, and Web 3.0 gaming”, the company’s actions speak for themselves. It would have also been nice to hear more about its partnerships with Samsung, LG Display Co Ltd (NYSE: LPL), Razer Inc (OTC: RAZFF), Vizio Holding Group (NYSE: VZIO), Logitech (NASDAQ, LOGI) and Asus management previously teased.\nThe verdict\nGameStop is a company undergoing transformation from a brick-and-mortar chain into an e-commerce retailer. But this turnaround is taking place in an environment shaped by escalating costs that are causing the company to burn through twice as much cash compared to a year ago. Unfortunately, management is practically not any particular insight into what it is doing to engineer this business turnaround. However, in times when so many companies used opaque reporting in the past to cover up fraud, simply saying buzzwords and catchphrases is never as good as actually shining light on the company’s actions. In addition, a recent Kotaku report show the discontent of store workers who say they are overworked and understaffed. Fortunately for the company, it seems small investors are patient and are trusting the leadership of former Chewy.com (NYSE: CHWY) founder Ryan Cohen who made billions selling pet food online. He brought former Amazon.com Inc (NASDAQ: AMZN) executives on board, and since then, GameStop has reduced online shipping times for games from weeks to days. For now, it seems investors are giving him space to do what is necessary for GameStop to reverse course – only time will tell if Cohen’s strategy can win the game.","news_type":1},"isVote":1,"tweetType":1,"viewCount":792,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/699080542"}
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