NASDAQ$QVCAQ
QVC Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Qurate Retail's financial performance was mixed, with revenue declining but operating income increasing due to strategic initiatives and gains from sale leaseback transactions.
Qurate Retail reported a decrease in revenue but an increase in operating income for Q1 2023. Revenue decreased by 8% to $2.6 billion, while operating income increased by 66% to $176 million. The company is focused on improving profitability through cost actions and strategic initiatives.
- Qurate Retail revenue decreased by 8% to $2.6 billion, with a 6% decrease in constant currency.
- The company reported diluted EPS of $0.05 and adjusted diluted EPS of $(0.05).
- Operating income increased by 66% to $176 million due to gains from sale leaseback transactions and comparisons against prior year write-downs.
- The company is focused on factors within its control, including Project Athens and cost actions, to drive material improvement in profitability in the back half of the year.
Headline financials
Revenue & EPS history
Qurate · Revenue · Quarterly
$2.64B
Revenue by segment
Qurate · $2.64B total across 4 segments · Q1 2023
- QxH$1.6B-4.9%60.6%
- QVC International$592M-11.6%22.4%
- Cornerstone Brands$259M-12.8%9.8%
- Zulily$192M-17.2%7.3%
Forward guidance
Qurate Retail expects to see material improvement in profitability in the back half of this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-1.7%
Avg return
Earnings day
-4.1%
Avg return
5 days after
-2.9%
Avg return
30 days after
42%
27 / 64 earnings
Positive
+59.2%
Q3 2023
Best reaction
-39.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | +5.0% | -30.0% | |
| Q3 2025 | -39.5% | -37.7% | -9.6% | |
| Q2 2025 | +6.6% | +29.1% | +181.4% | |
| Q1 2025 | -17.4% | -41.7% | -73.5% | |
| Q4 2024 | -16.6% | -32.5% | -50.0% | |
| Q3 2024 | -19.6% | -17.9% | -32.1% | |
| Q2 2024 | +3.2% | +1.6% | -19.4% | |
| Q1 2024 | -14.5% | -8.8% | -19.8% | |
| Q4 2023 | +0.7% | -6.4% | -12.1% | |
| Q3 2023 | +59.2% | +46.5% | +111.6% | |
| Q2 2023 | -1.6% | -6.4% | -17.0% | |
| Q1 2023 | +56.8% | +59.2% | +42.3% | |
| Q4 2022 | -24.6% | -33.6% | -53.1% | |
| Q3 2022 | -19.5% | -27.4% | +3.5% | |
| Q2 2022 | +21.3% | +18.4% | -8.6% | |
| Q1 2022 | -14.6% | -21.3% | -14.8% | |
| Q4 2021 | -9.2% | -10.9% | -17.3% | |
| Q3 2021 | -14.8% | -10.7% | -29.7% | |
| Q2 2021 | -6.3% | -4.7% | -8.5% | |
| Q1 2021 | +18.6% | +9.5% | +10.9% | |
| Q4 2020 | -3.0% | -1.8% | -1.1% | |
| Q3 2020 | +14.1% | +6.3% | +46.8% | |
| Q2 2020 | -7.4% | -8.8% | -10.4% | |
| Q1 2020 | -7.8% | -4.6% | +13.5% | |
| Q4 2019 | -28.8% | -8.2% | -11.0% | |
| Q3 2019 | +11.1% | +9.6% | -11.9% | |
| Q2 2019 | +2.6% | -4.4% | -15.9% | |
| Q1 2019 | -28.7% | -25.5% | -24.0% | |
| Q4 2018 | -17.9% | -16.1% | -27.1% | |
| Q3 2018 | +2.9% | -1.0% | -9.8% | |
| Q2 2018 | +5.1% | +1.4% | -5.0% | |
| Q1 2018 | -10.3% | -10.8% | -12.6% | |
| Q4 2017 | -7.6% | -4.2% | -12.8% | |
| Q3 2017 | +11.0% | +10.2% | +15.1% | |
| Q2 2017 | -5.8% | -6.7% | -7.3% | |
| Q1 2017 | +13.0% | +11.3% | +11.8% | |
| Q4 2016 | -4.7% | -5.5% | -0.3% | |
| Q3 2016 | +10.7% | +9.2% | +14.2% | |
| Q2 2016 | -18.7% | -19.8% | -19.2% | |
| Q1 2016 | +2.3% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | +3.7% | — | — | |
| Q1 2015 | -5.8% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | +8.1% | — | — | |
| Q2 2014 | -3.6% | — | — | |
| Q1 2014 | -1.6% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q3 2013 | +1.6% | — | — | |
| Q2 2013 | -7.1% | — | — | |
| Q1 2013 | +5.8% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | -3.6% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2011 | +2.3% | — | — | |
| Q3 2011 | -6.0% | — | — | |
| Q2 2011 | +10.2% | — | — | |
| Q1 2011 | +5.0% | — | — | |
| Q4 2010 | -4.9% | — | — | |
| Q3 2010 | +2.5% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q1 2010 | -5.1% | — | — |
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