During this tidbit on the power law from my chat with @MikeGelb on the @ConsumerVC podcast, I was thinking about a conversation with one of my partners when we exited Chewy in 2017. He noted that Chewy had returned more than every other investment in our history combined.
And,…
$GME Earnings Summary:
• Net sales $732M (-17% YoY)
• SG&A down to $228M from $295M
• Operating loss shrank to $10.8M (incl. $35.5M impairments)
• Net income $44.8M vs. $32.3M loss last year.
• Adjusted net income $83.1M.
• Cash & equivalents $6.4B (up from $1B)
• Canada…
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