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Sep 30, 2022
Qurate Q3 2022 Earnings Report
Qurate Retail's performance was impacted by an intensely promotional environment and weakened consumer sentiment, along with downstream impacts from the December 2021 fire at the Rocky Mount, NC fulfillment center and actions to move excess inventory.
Key Takeaways
Qurate Retail reported a 13% decrease in revenue to $2.7 billion, with diluted EPS of $(7.21) and adjusted diluted EPS of $(0.08). The results were impacted by a promotional environment, weakened consumer sentiment and continued impacts from the Rocky Mount, NC fulfillment center fire.
Qurate Retail revenue decreased 13% to $2.7 billion.
eCommerce revenue decreased 13% to $1.7 billion, representing 62% of total revenue.
Qurate Retail reported diluted EPS of $(7.21), including the impact of non-cash impairments at QxH and Zulily.
Adjusted diluted EPS was $(0.08).
Revenue by Segment
Forward Guidance
Qurate Retail estimates that its average annual effective tax rate in 2022 will be in the high 30 to low 40 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
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Avg. Return Before/After Earnings
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