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Dec 31, 2021
Qurate Q4 2021 Earnings Report
Qurate Retail's revenue decreased by 9% and reported a diluted EPS of $(0.54).
Key Takeaways
Qurate Retail reported a decrease in revenue and a loss per share for the fourth quarter of 2021, with total revenue decreasing by 9% to $4.1 billion and diluted EPS reported at $(0.54). The company faced challenges including supply chain constraints and the fire at its Rocky Mount fulfillment center, which impacted financial results.
Total Qurate Retail revenue decreased 9% to $4.1 billion.
Qurate Retail reported diluted EPS of $(0.54).
eCommerce revenue decreased 9% to $2.6 billion, representing 65% of total revenue.
Zulily revenue decreased 30% while Cornerstone revenue increased 8%.
Revenue by Segment
Forward Guidance
Qurate Retail estimates that its average annual effective tax rate through 2022 will be in the range of 27-31% including federal, state and foreign taxes. This is elevated relative to prior years due to the expiration of certain of Qurate Retail’s green energy investment credits at the end of 2021.
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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