Qurate Retail, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 12:49 pm EDT
Share
Qurate Retail, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 2,479 million compared to USD 2,744 million a year ago. Net income was USD 1 million compared to net loss of USD 2,747 million a year ago.
For the nine months, sales was USD 7,772 million compared to USD 8,580 million a year ago. Net income was USD 128 million compared to net loss of USD 2,543 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to basic loss per share from continuing operations of USD 6.69 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to diluted loss per share from continuing operations of USD 6.69 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. 