Why Qurate Retail Shares Are Plunging Today
Qurate Retail Inc (NASDAQ:QRTEA) reported a first-quarter FY22 revenue decline of 13.6% year-on-year to $2.88 billion, missing the consensus of $3 billion. The e-commerce revenue declined 14% to $1.8 billion, constituting 61% of total revenue. QxH revenue decreased 13%, QVC International fell 13%, Zulily shed 38%, and Cornerstone increased 19%. The operating margin…
Benzinga ·
Benzinga
