Qurate Retail, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 05, 2023 at 07:00 am EDT
Share
Qurate Retail, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 2,644 million compared to USD 2,883 million a year ago. Net income was USD 20 million compared to USD 1 million a year ago.
Diluted earnings per share from continuing operations was USD 0.05.
Qurate Retail, Inc. owns controlling and non-controlling interests in a range of video and online commerce companies. It operates through its subsidiaries, QVC, Inc. (QVC), which includes, HSN, Inc. (HSN) and Cornerstone Brands, Inc. (CBI). The Companyâs segments include QxH, QVC and CBI. QxH segment markets and sells a variety of consumer products in the United States, primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications. QVC International segment markets and sells a variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and via the Internet through its international websites and mobile applications. CBI segment consists of a portfolio of aspirational home and apparel brands in the United States, which sells merchandise through brick-and-mortar retail locations, as well as via the Internet through their websites.
QURATE RETAIL, INC. 