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Jun 30, 2023
Qurate Q2 2023 Earnings Report
Qurate Retail's revenue decreased, but the company made progress on Project Athens and improved cash flow.
Key Takeaways
Qurate Retail reported a 7% decrease in revenue to $2.5 billion for the second quarter of 2023. Diluted EPS was $0.28, while adjusted diluted EPS was $(0.03). The company finalized insurance claims for the Rocky Mount fire and received $225 million in proceeds. They divested Zulily which simplified their portfolio and improved liquidity.
Qurate Retail revenue decreased 7% to $2.5 billion.
Qurate Retail reported diluted EPS of $0.28.
Adjusted diluted EPS of $(0.03) was reported.
Finalized insurance claim related to Rocky Mount fire and received $225 million of insurance proceeds in the second quarter.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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