Net sales were $1.297 billion for the quarter, compared to $1.005 billion in the prior year’s third quarter. +30% YOY increased
EPS -$1.39
Inventory was $1.141 billion at the close of the quarter, compared to $861 million at the close of the prior year’s third quarter, reflecting the Company’s focus on front-loading investments in inventory to meet increased customer demand and mitigate supply chain issues.
It take money to buy whiskey. You gotta spend money to make money. LFG
Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets.
Internal stealth tech startup.
GameStop has two long-term goals: delighting customers and delivering value for stockholders. We are evolving from a video game retailer to a technology company that connects customers with games, entertainment and a wide assortment of products. We are focused on offering vast product selection, competitive pricing and fast shipping – supported by high-touch customer service and a frictionless e-commerce and in-store experience. Accordingly, we prioritize long-term revenue growth and market leadership over short-term margins.
We are pursuing, and expect to continue to pursue, business and strategic initiatives, some of which may expose us to new or enhanced risks. For example, we are exploring opportunities in blockchain, NFT, and Web 3.0 technology.
We used cash from investing activities for continued technological investments as well as investments in two fulfillment centers in the current year. We received proceeds in the prior year in connection with the sale and leaseback of our corporate headquarters, ancillary office space and a nearby refurbishment center in Grapevine, Texas and the sale of our corporate aircraft.
As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare.
CEO FURLONG: 重要唧野要講3次！REVENUE GROWTH！ REVENUE GROWTH！ REVENUE GROWTH！
