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Dec 31, 2020
Qurate Q4 2020 Earnings Report
Reported revenue growth with strong profit improvement, margin expansion, and cash flow. Special cash dividend was paid and share repurchases resumed.
Key Takeaways
Qurate Retail reported strong Q4 2020 results, with a 7% increase in revenue to $4.5 billion. The company saw growth across all business segments and returned capital to shareholders through share repurchases and special cash dividends.
Total Qurate Retail revenue increased 7% to $4.5 billion.
eCommerce revenue increased 12% to $2.9 billion, representing 65% of total revenue.
Qurate Retail reported diluted EPS of $1.56 and adjusted diluted EPS of $1.59.
The company repurchased 7.7 million QRTEA shares and paid a special cash dividend of $1.50 per common share.
Forward Guidance
Qurate Retail estimates that its average annual effective tax rate through 2021 will be in the range of 15-18% including federal, state and foreign taxes, net of tax credits generated by Qurate Retail’s green energy investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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