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Jun 30, 2024
Qurate Q2 2024 Earnings Report
Qurate Retail's financial performance was solid despite a challenging macro environment, with revenue aligned with overall discretionary retail, gross margins expanded for the fifth consecutive quarter, operating income generated, Adjusted OIBDA grew for the fourth consecutive quarter, and net debt reduced.
Key Takeaways
Qurate Retail reported a 9% decrease in revenue, but generated $165 million in operating income and grew Adjusted OIBDA by 4% to $282 million. The company is focused on enhancing merchandise assortment, improving product margins, and managing costs, with a new campaign targeting women over fifty.
Qurate Retail revenue decreased 9% in US Dollars.
Generated $165 million in operating income.
Adjusted OIBDA increased 4% in US Dollars to $282 million.
Reduced revolver balance $70 million using operating cash flow.
Revenue by Segment
Forward Guidance
This press release includes certain forward-looking statements, including statements about business strategies and initiatives (including QVC’s Age of Possibility) and their expected benefits, market potential, future financial performance and prospects and other matters that are not historical facts.
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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