Qurate Retail, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 12:23 pm EDT
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Qurate Retail, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 2,649 million compared to USD 2,953 million a year ago. Net income was USD 107 million compared to USD 203 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.53 a year ago.
For the six months, sales was USD 5,293 million compared to USD 5,836 million a year ago. Net income was USD 127 million compared to USD 204 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.53 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. 
