NASDAQ$QVCAQ

QVC Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported revenue growth with strong profit improvement, margin expansion, and cash flow. Special cash dividend was paid and share repurchases resumed.

Qurate Retail reported strong Q4 2020 results, with a 7% increase in revenue to $4.5 billion. The company saw growth across all business segments and returned capital to shareholders through share repurchases and special cash dividends.

  • Total Qurate Retail revenue increased 7% to $4.5 billion.
  • eCommerce revenue increased 12% to $2.9 billion, representing 65% of total revenue.
  • Qurate Retail reported diluted EPS of $1.56 and adjusted diluted EPS of $1.59.
  • The company repurchased 7.7 million QRTEA shares and paid a special cash dividend of $1.50 per common share.

Headline financials

Total Revenue

$4.45B

Previous: $4.17B+6.7%
EPS (adj)

$1.59

Previous: $0.68+133.8%
Net Income

$666M

Previous: $141M+372.3%
Operating Income

$530M

Previous: $287M+84.7%
Gross Profit

$1.49B

Previous: $1.32B+12.9%
Cash & Equivalents

$806M

Previous: $673M+19.8%
Total Assets

$17B

Previous: $17.3B-1.8%

Revenue & EPS history

Qurate · Revenue · Quarterly

$4.45B

Q4 2020+6.7%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Qurate · $1.96B total across 3 segments · Q1 2026

  • QxH
    $1.23B
  • QVC International
    $538M
  • Cornerstone Brands
    $188M

Forward guidance

Qurate Retail estimates that its average annual effective tax rate through 2021 will be in the range of 15-18% including federal, state and foreign taxes, net of tax credits generated by Qurate Retail’s green energy investments.

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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