Qurate Retail reported a strong first quarter with a 14% increase in revenue to $3.3 billion and adjusted diluted EPS increasing 78% to $0.48. The company saw growth in eCommerce revenue, QxH, QVC International, Zulily, and Cornerstone.
Qurate Retail revenue increased 14% to $3.3 billion.
eCommerce revenue increased 19% to $2.1 billion, representing 61% of total revenue.
Qurate Retail reported diluted EPS of $0.49.
Adjusted diluted EPS increased 78% to $0.48.
Qurate Retail estimates that its average annual effective tax rate through 2021 will be in the range of 15-18% including federal, state and foreign taxes, net of tax credits generated by Qurate Retail’s green energy investments. This estimate excludes the impact of one-time items and is subject to adjustment.
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