Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's see what's happening in the stock market here some
Speaker 3: stock movers. We do that with Isabelle Lee Isabell. What
Speaker 3: you got for us?
Speaker 1: We'll talk about Crackle Barrel. So ticker is CBRL and
Speaker 1: the stock is fluctuating. It was down as much as
Speaker 1: six percent than it was in the green then now
Speaker 1: it's lower by nearly two percent. So the company expects
Speaker 1: sales to fall faster than forecasts now between three point
Speaker 1: two billion dollars to three point three billion dollars in
Speaker 1: the current fiscal year. So what does this mean? I mean,
Speaker 1: remember earlier this year when the restaurant chain unveiled their
Speaker 1: new logo, and really social media folks were unhappy with it.
Speaker 1: They were saying that they were erasing elements of traditional
Speaker 1: American culture and it was all about Uncle Herschel, who
Speaker 1: I really didn't know who he was. I haven't eaten
Speaker 1: in a cracker barrel.
Speaker 3: See she never wants she think about is well, she
Speaker 3: never gets off this rock of Manhattan and when she does,
Speaker 3: it's the India or the Philippines. I mean none. You
Speaker 3: got to go to get out there and see the country.
Speaker 3: I will try maybe go to a Cracker Brough.
Speaker 1: We can have a field trip.
Speaker 3: Yes, we can do that.
Speaker 1: The company planned updated to dining rooms to give them
Speaker 1: a more modern field maybe just in time for my visit.
Speaker 1: The company posted a loss, including some items. But yes,
Speaker 1: it's Cracker Bill's first loss since the pandemic. So that's
Speaker 1: probably why the stock is now down by two percent.
Speaker 3: Okay, what else we got here?
Speaker 1: Game Stop ticker is GME. So Gameshop recorded lower revenue.
Speaker 1: That's as hardware, accessories and software as sales declined. And
Speaker 1: you know what surge collectibles. I didn't know that GameStop
Speaker 1: had collectibles. I had to google and they're really they
Speaker 1: look like action figures. So they actually increase by fifty percent,
Speaker 1: and they now make up when I say they it's
Speaker 1: collectibles just a third of the overall revenue of game
Speaker 1: Stop and that's up twenty percent from the year prior.
Speaker 1: And we know that game Stop is the original meme stock.
Speaker 1: And now of course they had to buy bitcoin also,
Speaker 1: they bought four thy seven hundred in May and June,
Speaker 1: and they were valued at five hundred million dollars. So
Speaker 1: there is that for a game stop. I feel like
Speaker 1: we've stopped talking about games. I wonder if they regret
Speaker 1: the bitcoin purchase now though, because the few money. Maybe,
Speaker 1: but it depends on your horizon. A lot of the
Speaker 1: people who Buybitclenner, Hoddles, hoddle Earth, hold on to your life,
Speaker 1: hold on to their life.
Speaker 2: Paul the Stock Movers report from Bloomberg Radio. Check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
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