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Mar 31, 2022
Qurate Q1 2022 Earnings Report
Qurate Retail's financial performance was impacted by supply chain disruptions, inflationary pressures, and the fire at the Rocky Mount, NC fulfillment center.
Key Takeaways
Qurate Retail reported a 14% decrease in revenue to $2.9 billion, with diluted EPS at $0.00 and adjusted diluted EPS at $0.15. The company faced challenges including supply chain disruptions, inflationary pressures, and operational disruptions from the Rocky Mount, NC fulfillment center fire.
Qurate Retail revenue decreased 14% to $2.9 billion.
eCommerce revenue decreased 14% to $1.8 billion, representing 61% of total revenue.
Qurate Retail reported diluted EPS of $0.00 and adjusted diluted EPS of $0.15.
Cornerstone revenue increased 19%.
Revenue by Segment
Forward Guidance
Qurate Retail estimates that its average annual effective tax rate in 2022 will be in the range of 27-31% including federal, state and foreign taxes. This is elevated relative to prior years due to the expiration of certain of Qurate Retail’s green energy investment credits at the end of 2021. This estimate excludes the impact of one-time items and is subject to adjustment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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