1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,480 --> 00:00:18,720 Speaker 3: Let's see what's happening in the stock market here some 5 00:00:18,840 --> 00:00:21,319 Speaker 3: stock movers. We do that with Isabelle Lee Isabell. What 6 00:00:21,360 --> 00:00:21,960 Speaker 3: you got for us? 7 00:00:22,280 --> 00:00:26,160 Speaker 1: We'll talk about Crackle Barrel. So ticker is CBRL and 8 00:00:26,200 --> 00:00:28,080 Speaker 1: the stock is fluctuating. It was down as much as 9 00:00:28,080 --> 00:00:29,960 Speaker 1: six percent than it was in the green then now 10 00:00:29,960 --> 00:00:33,120 Speaker 1: it's lower by nearly two percent. So the company expects 11 00:00:33,120 --> 00:00:36,200 Speaker 1: sales to fall faster than forecasts now between three point 12 00:00:36,200 --> 00:00:38,760 Speaker 1: two billion dollars to three point three billion dollars in 13 00:00:38,800 --> 00:00:40,919 Speaker 1: the current fiscal year. So what does this mean? I mean, 14 00:00:40,960 --> 00:00:45,040 Speaker 1: remember earlier this year when the restaurant chain unveiled their 15 00:00:45,080 --> 00:00:48,680 Speaker 1: new logo, and really social media folks were unhappy with it. 16 00:00:48,920 --> 00:00:51,960 Speaker 1: They were saying that they were erasing elements of traditional 17 00:00:51,960 --> 00:00:55,080 Speaker 1: American culture and it was all about Uncle Herschel, who 18 00:00:55,080 --> 00:00:57,600 Speaker 1: I really didn't know who he was. I haven't eaten 19 00:00:57,720 --> 00:00:59,160 Speaker 1: in a cracker barrel. 20 00:01:00,080 --> 00:01:01,720 Speaker 3: See she never wants she think about is well, she 21 00:01:01,720 --> 00:01:04,560 Speaker 3: never gets off this rock of Manhattan and when she does, 22 00:01:04,600 --> 00:01:06,399 Speaker 3: it's the India or the Philippines. I mean none. You 23 00:01:06,400 --> 00:01:08,679 Speaker 3: got to go to get out there and see the country. 24 00:01:08,880 --> 00:01:10,440 Speaker 3: I will try maybe go to a Cracker Brough. 25 00:01:10,520 --> 00:01:11,360 Speaker 1: We can have a field trip. 26 00:01:11,520 --> 00:01:12,200 Speaker 3: Yes, we can do that. 27 00:01:12,280 --> 00:01:14,480 Speaker 1: The company planned updated to dining rooms to give them 28 00:01:14,480 --> 00:01:16,839 Speaker 1: a more modern field maybe just in time for my visit. 29 00:01:17,080 --> 00:01:20,199 Speaker 1: The company posted a loss, including some items. But yes, 30 00:01:20,240 --> 00:01:23,240 Speaker 1: it's Cracker Bill's first loss since the pandemic. So that's 31 00:01:23,280 --> 00:01:25,600 Speaker 1: probably why the stock is now down by two percent. 32 00:01:25,840 --> 00:01:27,479 Speaker 3: Okay, what else we got here? 33 00:01:28,040 --> 00:01:32,080 Speaker 1: Game Stop ticker is GME. So Gameshop recorded lower revenue. 34 00:01:32,280 --> 00:01:35,600 Speaker 1: That's as hardware, accessories and software as sales declined. And 35 00:01:35,640 --> 00:01:38,440 Speaker 1: you know what surge collectibles. I didn't know that GameStop 36 00:01:38,480 --> 00:01:41,160 Speaker 1: had collectibles. I had to google and they're really they 37 00:01:41,160 --> 00:01:44,759 Speaker 1: look like action figures. So they actually increase by fifty percent, 38 00:01:44,800 --> 00:01:46,479 Speaker 1: and they now make up when I say they it's 39 00:01:46,480 --> 00:01:49,480 Speaker 1: collectibles just a third of the overall revenue of game 40 00:01:49,480 --> 00:01:52,120 Speaker 1: Stop and that's up twenty percent from the year prior. 41 00:01:52,240 --> 00:01:54,440 Speaker 1: And we know that game Stop is the original meme stock. 42 00:01:54,520 --> 00:01:56,840 Speaker 1: And now of course they had to buy bitcoin also, 43 00:01:57,200 --> 00:01:59,640 Speaker 1: they bought four thy seven hundred in May and June, 44 00:02:00,000 --> 00:02:02,960 Speaker 1: and they were valued at five hundred million dollars. So 45 00:02:03,280 --> 00:02:05,000 Speaker 1: there is that for a game stop. I feel like 46 00:02:05,040 --> 00:02:07,200 Speaker 1: we've stopped talking about games. I wonder if they regret 47 00:02:07,280 --> 00:02:10,720 Speaker 1: the bitcoin purchase now though, because the few money. Maybe, 48 00:02:10,760 --> 00:02:12,600 Speaker 1: but it depends on your horizon. A lot of the 49 00:02:12,639 --> 00:02:17,400 Speaker 1: people who Buybitclenner, Hoddles, hoddle Earth, hold on to your life, 50 00:02:17,440 --> 00:02:18,360 Speaker 1: hold on to their life. 51 00:02:18,440 --> 00:02:24,040 Speaker 2: Paul the Stock Movers report from Bloomberg Radio. Check back 52 00:02:24,040 --> 00:02:26,280 Speaker 2: with us throughout the day for the latest roundup of 53 00:02:26,320 --> 00:02:29,600 Speaker 2: companies making news on Wall Street and for the latest 54 00:02:29,639 --> 00:02:33,840 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 55 00:02:33,880 --> 00:02:37,600 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 56 00:02:37,639 --> 00:02:39,639 Speaker 2: Auto with the Bloomberg Business app.