The following discussion should be read in conjunction with the information contained in the Condensed Consolidated Financial Statements, including the notes set forth in Item 1, Part I of this Form 10-Q. Statements regarding future economic performance, management’s plans and objectives, and assumptions related to the foregoing included in management’s consideration and analysis of financial condition and results of operations constitute forward-looking statements. These statements are only predictions based on current expectations and assumptions and are subject to known and unknown risks, uncertainties and uncertainties regarding the actual results, levels of activity, performance or achievements of the Company or the industry in future years. involves other factors that can make it very different. activities, performance or results expressed or implied by such forward-looking statements; All forward-looking statements contained in this Form 10-Q are based on information available as of the date of filing this Form 10-Q, and we update these forward-looking statements for any reason. or under no obligation to correct. Whether or not as a result of new information, future events or otherwise after the date of this Form 10-Q, except as required by law. You should not place undue reliance on these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Certain factors that could cause actual results to differ materially from these forward-looking statements accompany such statements and are described in our 2021 Annual Report on Form 10-K. . II, Item 1A, “Risk Factors” of this Form 10-Q, First Quarterly 2022 Quarterly Report on Form 10-Q, and Second Quarterly 2022 Quarterly Report on Form 10-Q.
Founded in 1996, the corporation is a leading specialty retailer offering gaming and entertainment products through its e-commerce properties and thousands of stores.
The Company operates its business in four geographic segments:
early stage of
Our value proposition, including our enterprise systems, technology capabilities, store leaders and store associates, and our product catalog and product investments.
With a focus on cost containment, we are taking the following steps:
• Ensure our cost structure is sustainable relative to revenue, including taking steps to optimize our workforce to operate efficiently and nimbly.
• Improved margins through operational discipline and increased focus on high-margin collectibles and pre-owned categories.
• Carefully expand the size of the market we can serve by expanding our product catalog across PC games, collectibles, consumer electronics, toys, augmented reality, virtual reality and other categories that represent a natural extension of our business. To do.When
• Maintain a superior customer experience supported by a seamless in-store and e-commerce experience with expedited shipping to your customers.
By executing on these priorities, we will be able to deliver compelling experiences for our customers and position ourselves to make real investments in our growth initiatives. It also allows us to maintain a strong balance sheet. In connection with our cost reduction efforts, we expect to see a favorable impact on selling, general and administrative expenses (“SG&A”) in the coming quarters as we pursue profitability. We believe these efforts are essential to achieving sustainable profitability and enabling long-term value creation for our shareholders.
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