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Jun 30, 2022
Qurate Q2 2022 Earnings Report
Qurate Retail's results were impacted by lower demand and supply chain challenges.
Key Takeaways
Qurate Retail reported a decrease in revenue by 16% to $3.0 billion due to factors impacting retail such as inflation and supply chain issues. The company is implementing a turnaround plan called Project Athens to re-establish revenue stability, margin expansion and incremental free cash flow generation.
Qurate Retail revenue decreased 16% to $3.0 billion.
eCommerce revenue decreased 17% to $1.8 billion or 61% of total revenue.
Qurate Retail reported diluted EPS of $0.53.
Adjusted diluted EPS of $0.12.
Revenue by Segment
Forward Guidance
Qurate Retail estimates that its average annual effective tax rate in 2022 will be in the mid to high-30s percent range including federal, state and foreign taxes, excluding the impact of one-time gains and losses and other discrete events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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