Qurate Retail Inc (OQ:QRTEA)

Business Focus: Internet & Mail Order Department Stores

Sector:  Consumer Cyclicals Industry:  Department Stores
 
See Regulatory Filings on SEC
Company Contact
Address: 12300 Liberty Blvd
ENGLEWOOD CO 80112-7009
Tel: N/A
Website: https://www.qurateretail.com
IR: See website
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Key People
Gregory B. Maffei
Executive Chairman of the Board 		David L. Rawlinson
President, Chief Executive Officer, Director 		Brian J. Wendling
Principal Financial Officer, Chief Accounting Officer
Renee L. Wilm
Chief Administrative Officer, Chief Legal Officer 		Eve Delsoldo
General Counsel 		 
Business Overview
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 Company's 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.
Financial Overview
For the fiscal year ended 31 December 2023, Qurate Retail Inc revenues decreased 10% to $10.92B. Net loss decreased 94% to $145M. Revenues reflect Corporate & Other segment decrease of 67% to $301M, QxH segment decrease of 5% to $7B, United States segment decrease of 11% to $8.44B, Japan segment decrease of 7% to $945M, Retail Sales -Corp and other decrease of 77% to $301M. Lower net loss reflects QxH segment income totaling $275M vs. loss of $1.82B.
Employees: 20,300 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,907M as of Dec 31, 2023
Annual revenue (TTM): $10,915M as of Dec 31, 2023
EBITDA (TTM): $1,021M as of Dec 31, 2023
Net annual income (TTM): -$145.00M as of Dec 31, 2023
Free cash flow (TTM): $681.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $5,489M as of Dec 31, 2023
Shares outstanding: 391,748,100 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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