Qurate Retail, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 06, 2022 at 07:00 am EDT
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Qurate Retail, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 2,883 million compared to USD 3,337 million a year ago. Net income was USD 1 million compared to USD 206 million a year ago.
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. 
