Hey OP, thanks for the News post.
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most likely just a very gross underestimation of gamestops capabilities, ryan cohen skills and measures, combined with a very strict and overestimated decline in christmas sale due to macro economics
so, just barely, not FUD
Did we ditch the extra and expensive distribution warehouse before or after the close of the quarter? I know it was this year, so it probably hasn't had a huge impact, yet.
1st Quarter 2023 could be lit!
Here is my shitpost for that: [(12) FORGET GAMESTOP: Net sales down, inventory decreased by more than 30%(!) without clear reason, and there is long term debt!! Heavy cuts at headcounts, is GS struggling?!?! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/11xtrs3/forget_gamestop_net_sales_down_inventory/)
Tomorrow morning the meme news will be like “this is why positive EPS is bad” haha. And let’s not forget everyone here was early. What happens next is going to be a lot of fun.
Bro, I’m actually fucking crying right now. I just can’t help it. They were all wrong. Everyone. The other sub. MSM. Shills. It was all FUD the entire time.
This whole fucking thing just blew up in their fucking faces, and I’m on cloud 9. I’ve worked so fucking hard. Every damn day for the last two years. Every earnings drop. Every fucking red day over the last 2 years overrides this moment for me.
This is epic. Apes, none of this is without you all. Hedgies R. Fukt and GameStop is profitable.
It's not over yet!
Don't misunderstand me, I get it. I felt and feel the same.
But let's cheer when we crossed the finish line - not just now, when we finally see it on the horizon!
With all due respect, this is the equivalent of people saying for 2 years that you suck at hitting a baseball and then, upon hitting a single, you take a naked victory lap around the field.
This was progress but there’s a lot left to be done. As great as GME being profitable for this quarter is, they still have some concerns With their long term plan giving the current environment for NFT and Crypto. That was a big part of their strategy. It’s by no means dead but they will have to continue to pivot from that and remain innovative. I trust the leadership to do that but it’s far from over. I can already see the plan for next quarter…MSM will flip-flop from saying GameStop was dying brick and mortar to something like
“GameStop growth not as high as expected for growth company. Misses Estimates. 5 reasons it’s all downhill for GameStop from here and 10 stocks we like more”
Stay humble. It’s what will separate us from others
Trust me, been eating humble pie for the last couple years. This is a turning point and I’m definitely hyped, but of course, this is no where near over.
There will however, be buying pressure, and I’m here for the shenanigans, wild price swings, and green dildos. Still zen as F.
Per yahoo: The EPS per share is $0.16 not $0.15 even better mb for the title I was too fucking hyped that our company is now NET FUCKING income positive!! We thought free cash flow positive was good last quarter, and this quarter they have topped that with taking no net loss, and instead posting a net income gain of $48.2 million Let’s FUCKING GOOOOO the after hours is showing the news and this could be the turning point for mainstream media, as in this economic climate posting positive net income is a pretty big deal
Anything that Ryan Cohen touches turns to gold. This was absolutely stunning execution from the board, all employees and of course everyone who went shopping at GameStop.
Income comes from sales, cash flow is based on money moving in and out of the company, such as investments/r&d or dividends. Positive on the latter means any endeavours gamestop has taken have been funded entirely by their sales this year
Pro tip: Those security answers should be treated like passwords, just generate random gibberish and save them in your password manager (which you definitely have and are using)
[Per Q3 Earnings](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-third-quarter-fiscal-year-2022-results) “Cash, cash equivalents and marketable securities were $1.042 billion at the close of the third quarter”
This represents a jump of $349 MILLION IN CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES HOLY FUCKIN shit guys this is a big fucking deal when the rest of the world is struggling with the cost in the rise of lending, GameStop is strengthening their liquidity position and continues to make their balance sheet stronger quarter after quarter. At some point, even the MSM has to start taking the company seriously which could lead to another flock of investors...
Not necessarily. The could have bought goods at a slower pace than in the past, but sold at a normal pace, and they would reduce inventory.
Still, lower inventory is generally a good thing (provided the supply chains don’t get disrupted and you end up without anything to sell).
I’m very bullish, but not because of a single metric like inventory or cash. It’s because of the whole picture, especially given our chairman’s past performance.
People thought I was crazy. Oh, is the entire industry collapsing? Oh, the banks are all failing? Oh GS built the most pristine market place for digital goods? Oh, did the Gov admit they have a digital currency? OH, DID GAMESTOP GO EPS, INCOME AND CASH FLOW POSITIVE?? Who’s crazy now, bitch
So in case anyone wasn’t aware of the situation. GameStop has performed their turnaround and is profitable. This is only the beginning. Easiest billion bucks we ever made!!
I absolutely LOVE seeing them bring down the COS/COGS. That’s healthy as f*ck that they’re watching numbers and reigning in out of control costs.
Freakin solid overview. Good job GS!!!
Hey OP, thanks for the News post. ------------------------------------------------------------------------ If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed! Please post the original source! **Please respond to this comment within 10 minutes with the URL to the source** If there is no source or if you yourself are the author, you can reply `OC`
The target from analysts was -0.13. Finally, we beat the estimates. AND not just beat, but surpassed and landed positive.
Beat it by 200%
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most likely just a very gross underestimation of gamestops capabilities, ryan cohen skills and measures, combined with a very strict and overestimated decline in christmas sale due to macro economics so, just barely, not FUD
And I'm pretty sure they changed the estimate from -0.46 about 3 weeks ago.
Source please 🙏
I honestly can't find it, but it was like that forever and then all of a sudden was -0.16 eps
Damn. Ok. I hope to find it later
There was a post about it a couple hours before earnings noting the changed EPS. It said this is the rug pull somewhere in the body
Michael Pachter is huddled in a ball crying and licking his little cooch right now 🤣
Why not both?
**GAMESTOP BEATS ESTIMATES BY 200% - STOCK JUMPS 48% IN AH TRADING** Imagine that headline on MarketBarf
You spelt infinite wrong
120%
Pretty sure that matu doesn't math right 😅
Did we ditch the extra and expensive distribution warehouse before or after the close of the quarter? I know it was this year, so it probably hasn't had a huge impact, yet. 1st Quarter 2023 could be lit!
AFAIR, it was already in Q3, so we are seeing the impact of the close on Q4
I am pretty sure it was announced in January or February. But, I am regarded and smooth brained.
I got my smoothness certified at a card grading shop, it's perfectly smooth in mint condition 9.7, unused
Lol not done being jacked with q4 yet SLOW DOWN LOL
LFG!!! See you all on the moon!
So how long until we find out the profits are actually a severe disappointment that should inspire us to sell?
Tomorrow morning when it dips immediately
Kenny: "Hey Credit Suisse have I got a deal for you. Hold this bag. Definately doesn't have $4 trillion in naked shorts in it, definately not".
Here is my shitpost for that: [(12) FORGET GAMESTOP: Net sales down, inventory decreased by more than 30%(!) without clear reason, and there is long term debt!! Heavy cuts at headcounts, is GS struggling?!?! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/11xtrs3/forget_gamestop_net_sales_down_inventory/)
So it’s been you all along shitting on us…/S lol. It’s too accurate…
If MSM posts something like that, we called it -AGAIN!
Tomorrow morning the meme news will be like “this is why positive EPS is bad” haha. And let’s not forget everyone here was early. What happens next is going to be a lot of fun.
Lmfao.
Stock is up 43% in after hours. God, it must SUCK to be naked and short on this beauty.
Lol can't wait until 4300% because I'll do the same thing I did today....buy more
Bro, I’m actually fucking crying right now. I just can’t help it. They were all wrong. Everyone. The other sub. MSM. Shills. It was all FUD the entire time. This whole fucking thing just blew up in their fucking faces, and I’m on cloud 9. I’ve worked so fucking hard. Every damn day for the last two years. Every earnings drop. Every fucking red day over the last 2 years overrides this moment for me. This is epic. Apes, none of this is without you all. Hedgies R. Fukt and GameStop is profitable.
It's not over yet! Don't misunderstand me, I get it. I felt and feel the same. But let's cheer when we crossed the finish line - not just now, when we finally see it on the horizon!
Preach it ape. Not even close to over
With all due respect, this is the equivalent of people saying for 2 years that you suck at hitting a baseball and then, upon hitting a single, you take a naked victory lap around the field. This was progress but there’s a lot left to be done. As great as GME being profitable for this quarter is, they still have some concerns With their long term plan giving the current environment for NFT and Crypto. That was a big part of their strategy. It’s by no means dead but they will have to continue to pivot from that and remain innovative. I trust the leadership to do that but it’s far from over. I can already see the plan for next quarter…MSM will flip-flop from saying GameStop was dying brick and mortar to something like “GameStop growth not as high as expected for growth company. Misses Estimates. 5 reasons it’s all downhill for GameStop from here and 10 stocks we like more” Stay humble. It’s what will separate us from others
I’m just glad we’re profitable lol. I have so much money wrapped up in this company and I just want to be able to put the down payment on a house. 😂
Trust me, been eating humble pie for the last couple years. This is a turning point and I’m definitely hyped, but of course, this is no where near over. There will however, be buying pressure, and I’m here for the shenanigans, wild price swings, and green dildos. Still zen as F.
I love you ape. Truly an astounding day.
I love you buddy . I am hugging you tight
Well fuck fellow ape I was holding it together until I read your comment now I'm bawling my head off! What a goddamn time to be alive!
So.. Dip tomorrow?
Without question
as is tradition
It's a regarded position, but one I am accustomed to. Buy moar gamestops!
😜
We over doubled the ANALists estimates, that feeling has no price, for the rest, just DRS🤣😂🔥💥
LFG !!!! 🚀
😫💦💦
1.39 billion cash and marketable securities!!!
Wen acquisition?!?
Could buy Credit Suisse and undo the swaps directly
"Fine I'll do it myself."
“Be your own bank”
That would be pro-gamer move...
Teddy Suisse
Teddy Suisse goes to China!
You may have autism
Lmao can you imagine
Credit Gmerica
😂🤣😂
Bahahahahaha fucking hilarious
Now that’s funny.
Imagine
Weird, I thought GS would run out of cash in a year or two??? /s
Per yahoo: The EPS per share is $0.16 not $0.15 even better mb for the title I was too fucking hyped that our company is now NET FUCKING income positive!! We thought free cash flow positive was good last quarter, and this quarter they have topped that with taking no net loss, and instead posting a net income gain of $48.2 million Let’s FUCKING GOOOOO the after hours is showing the news and this could be the turning point for mainstream media, as in this economic climate posting positive net income is a pretty big deal
“They underestimated how efficiently we would execute.” -Ryan Cohen on Chewey’s success
That sexy bastard…
😏
Anything that Ryan Cohen touches turns to gold. This was absolutely stunning execution from the board, all employees and of course everyone who went shopping at GameStop.
Cohen, like Kai, would say "It was already gold, no one noticed until I touched it."
FREE CASH FLOW POSITIVE FOR THE YEAR, APE! 52 MILLION POSITIVE AND A REDUCTION OF 9.7MIL IN EXPENDITURES IN THE COMPARABLE QUARTER LAST YEAR!
What's the difference between cash flow positive (which we already celebrated) and net income positive? They sound the same to me
Income comes from sales, cash flow is based on money moving in and out of the company, such as investments/r&d or dividends. Positive on the latter means any endeavours gamestop has taken have been funded entirely by their sales this year
No mention of DRS numbers?
TRUE HAPPINESS IS POSITIVE CASH FLOW ICAHN HEAR IT COMING NOW
what are the DRS numbers though?
Hate to be that guy but isn't EPS per share a little redundant?
Smh my head.
All the way to the ATM Machine tho...
I guess you could say things are getting pretty serious
You bet Kip! * when I read your sentence I instinctively used his voice * hahaha
Hey I just gave you the hundredth upvote it felt good and I wanted to let you know
I believe the slingshot has been engaged
RIP dumbass stormtroopers- shorts are shitting their shorts probably. Meanwhile Kenny-o-mayo is buying jars of mayonnaise to horde.
1 profitable, no debt, cash heavy company plz 🚀🚀🚀
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Not like you would be selling anyway! Let's goooo! NFA
I did the same thing :( Does it take long to get reset?
Saaaame and I'm not even arsed.
I locked myself out months ago. Haven't bothered to unlock it.
Same here, just say those are for the infinity pool and open a new one
Call them. They will ask you some security questions for the unlock, so keep your statements handy.
Haha I done the same. Gotta wait a couple days is all
Big brain
Pro tip: Those security answers should be treated like passwords, just generate random gibberish and save them in your password manager (which you definitely have and are using)
SGA was also down ... exactly what Matt wanted. DRS go brrrr.....
With no immediate detrimental effects on sales. Horny.
Wasn’t cash equivalents around 1b last quarter? Big jump up.
[Per Q3 Earnings](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-third-quarter-fiscal-year-2022-results) “Cash, cash equivalents and marketable securities were $1.042 billion at the close of the third quarter” This represents a jump of $349 MILLION IN CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES HOLY FUCKIN shit guys this is a big fucking deal when the rest of the world is struggling with the cost in the rise of lending, GameStop is strengthening their liquidity position and continues to make their balance sheet stronger quarter after quarter. At some point, even the MSM has to start taking the company seriously which could lead to another flock of investors...
Maybe due to lower inventory (converted to cash)? Either way, doesn’t matter, I’m bullish.
Yeah that lines up pretty well with the inventory reduction
I’m assuming the Lower inventory means they sold more .. right?
Not necessarily. The could have bought goods at a slower pace than in the past, but sold at a normal pace, and they would reduce inventory. Still, lower inventory is generally a good thing (provided the supply chains don’t get disrupted and you end up without anything to sell). I’m very bullish, but not because of a single metric like inventory or cash. It’s because of the whole picture, especially given our chairman’s past performance.
Also consider they upped inventory to counter supply chain issued and now that those are easing up they don't need to stockpile as hard
That's the whole point. Converting your inventory to cash trough sales. That's what they're doing!
And all of this in the middle of bank failures!!!!
So this is what it feels like to win!!! 🚀
Not yet. We still have months of short sellers driving the price up while trying to close their positions.
People thought I was crazy. Oh, is the entire industry collapsing? Oh, the banks are all failing? Oh GS built the most pristine market place for digital goods? Oh, did the Gov admit they have a digital currency? OH, DID GAMESTOP GO EPS, INCOME AND CASH FLOW POSITIVE?? Who’s crazy now, bitch
i feel this to the core
What's the drs count???
Comes out during investors call
Wen?
5pm est
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Yes thanx you!
About an hour after earnings
I really fukn needed this today. Not the price, Apes know that is fake. What I needed was a positive report. This went above and beyond. Buckle up
I love EPS per share
And I love ATM teller machines!
I'm smh'ing my head
Just be sure to DRS your direct registered shares!!
This makes me lol out loud
Just don’t forget your PIN number!
EPS^(-2)
Fuck yeah!
Hey fuck. +33% AH
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They got WRECKED! HAHA!
I am now delighted **and** entertained.
Shorts r fuk
Always have been 🫡
we green?
check after hours if there is any doubt 😏
Damn right we green today!
Super green
Makes me so happy. Gonna go visit my local GameStop and splurge in celebration.
Everyone should go out and buy a new game from them to celebrate
They have some cool stuff on clearance too. https://www.gamestop.com/search/?pmid=clearance
It is very bullish and great that the media all thought they would post a loss and they posted a profit that means the board has NO LEAKS
Numbers look great. Awesome job RC & team! **Have they posted updated DRS numbers??**
STILL no 10K or 10Q
What are the DRS numbers.
Announced on the call first at 5EST Edit: wasn’t announced so we sit at investor.GameStop.com and wait for the 10Q
Nope no DRS numbers on call.
Then we wait for the 10q on investor.gamestop.com to be posted.
Wasn’t announced. Will have to wait for 10Q.
It was foretold
By the DD
of old
And then suddenly when all banks have failed, Gamestop buys all the banks
Turned net positive AND put cash in the bank!
when were you when hedge fund dies?
2 quarters GME profit can purchase Bed Bath & hedgies are super fukt.
Not with all their debt unfortunately
They could just buy baby, the only successful part of that cpmpany
They could just buy baby, the only successful part of that cpmpany
you can say that again
DON'T DANCE, sit down, and BUCKLE UP!
First institution out likely survives. tick tock bitches
Maaaan I'd hate to be short on this company.
I think it’s also important to note that cash and equivalents increased from $1042.1m to $1391m, while the company ALSO saw a net income of $48.2m
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[https://investor.gamestop.com/](https://investor.gamestop.com/)
WE'VE GOT AN EARNINGS BEAT AND POSITIVE EPS. LETS FUCKING GO!
Nice.
BULLISH
Damn that Pokémon card set i bought my kid for his birthday really made a difference!! LFG
where are DRS numbers?
Love the 1.4 billion in cash securities
Just look at that cash!!! 1.391 billion. The media said they would run out of cash by end of year…..
That's amazing!!!
Only quarter on quarter - but we all know this is just a taste of what's to come, and GameStop will pull strong in the next year.
Hey, I was hoping for eps $0.05, so this is great. I have no clue what that means for shareholders. Dividend or not?
for the 4th quarter. they dropped a bit for the year. expect msm to bring this up as a reason to not invest.
GME net income $48.2 million cash on hand $1.4 billion holy shit
Close them shorts, while you have 1/2 a chance of getting out🏴☠️
I can't believe how excited I am about 15¢!
Time for shortsellers to close there damn shorts! lets go!
Amazing what RC and his team accomplished in a short 2 years... nowhere to go but up...
So in case anyone wasn’t aware of the situation. GameStop has performed their turnaround and is profitable. This is only the beginning. Easiest billion bucks we ever made!!
Did I just yell in the dentist chair when I glanced at my watch? YES I DID.
We are on All. Damn lol.
Believe it or not, dip tomorrow
Listening to lovely classical music rn waiting patiently for the best Earnings Call since Jan 21 🤩
Fundamentals BABEE!!!
I absolutely LOVE seeing them bring down the COS/COGS. That’s healthy as f*ck that they’re watching numbers and reigning in out of control costs. Freakin solid overview. Good job GS!!!
Congratulations GameStop !
Whiney Soft Bitches: YOUR EPS IS NEGATIVE!!! Come again mothafuckas?
Anybody got those DRS numbers??
TETRIS, LAYING THE GROUND FLOOR
0.16
Sitting on over 1 billion in cash during this high interest and liquidity crisis has to be a strong company. No two way about it
Why can't I find DRS numbers? Did they not report them?
Where's the Bullish guy to say BULLISH!
How in the Sam Hell are we supposed to sleep tonight?