Qurate Retail, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
February 26, 2021 at 07:00 am EST
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Qurate Retail, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 14,177 million compared to USD 13,458 million a year ago. Operating income was USD 1,572 million compared to USD 184 million a year ago. Net income was USD 1,204 million compared to net loss of USD 456 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. 
