Qurate Retail, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2022
November 04, 2022 at 04:30 pm IST
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Qurate Retail, Inc. reported earnings results for the third quarter ended September 30, 2022. For the third quarter, the company reported sales was USD 2,744 million compared to USD 3,144 million a year ago. Net loss was USD 2,747 million compared to net income of USD 127 million a year ago.
Diluted loss per share from continuing operations was USD 7.21 compared to diluted earnings per share from continuing operations of USD 0.31 a year ago.
Qurate Retail, Inc. owns controlling and non-controlling interests in a range of video and online commerce companies. It operates through its subsidiaries, QVC, Inc. (QVC), which includes, HSN, Inc. (HSN) and Cornerstone Brands, Inc. (CBI). The Companyâs segments include QxH, QVC and CBI. QxH segment markets and sells a variety of consumer products in the United States, primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications. QVC International segment markets and sells a variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and via the Internet through its international websites and mobile applications. CBI segment consists of a portfolio of aspirational home and apparel brands in the United States, which sells merchandise through brick-and-mortar retail locations, as well as via the Internet through their websites.
QURATE RETAIL, INC. 