Qurate Retail Group, Inc. (QRTEA) Misses Q1 EPS by 10c
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Qurate Retail, Inc. Reports First Quarter 2022 Financial Results
May 6, 2022 7:00 AM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today reported first quarter 2022 results(1).
We took important first steps in our turnaround, with a focus on stabilizing our core US vCommerce business and setting the foundation for accelerating growth in streaming. We restructured the organization and leadership of the QVC US and HSN brands, formed a new dedicated streaming business unit and attracted a proven leader at Zulily, said David Rawlinson, President and CEO of Qurate Retail.
Our first quarter results reflect the continued challenges of operating amidst extreme supply chain disruptions.... More
