Stay in Touch
Get sneak previews of special offers & upcoming events delivered to your inbox.
05-08-2023 08:29 PM - edited 05-08-2023 09:17 PM
The results are in for the first quarter 2023 for QURATE
In the first quarter, we saw meaningful improvement in revenue trends at our largest businesses, QVC US & QVC International, while performance remained soft at HSN, Cornerstone and Zulily. Our customer file continues to be pressured and while we have multiple efforts underway to re-activate customer groups, we expect the impact of these initiatives to take several quarters. Against this backdrop, we are intensely focused on facto (gain) loss on sale of fixed assets and other one-time adjustments.
First quarter 2023 operating results:
Corporate headlines:
05-08-2023 08:32 PM
05-08-2023 08:42 PM
@Caaareful Shopper wrote:@Spurt Yes, https://community.qvc.com/t5/Q-Talk/Qurate-First-Quarter-Results-Highlights/m-p/7964109#M267479
I posted diferent parts of the report than the link above.
05-08-2023 10:14 PM - edited 05-08-2023 10:16 PM
@Caaareful Shopper I am not one of those folks who post here who seem to rooting for the demise of QVC. They are obviously trying everything to stay afloat abd I hope for all the employees' sakes they do.
05-09-2023 06:11 AM - edited 05-09-2023 06:12 AM
@Spurt wrote:
@Caaareful Shopper wrote:@Spurt Yes, https://community.qvc.com/t5/Q-Talk/Qurate-First-Quarter-Results-Highlights/m-p/7964109#M267479
I posted diferent parts of the report than the link above.
@Spurt I didn't think your post was redundant, it was quite interesting. I just wasn't sure you saw the other post so I wanted to offer it up as well.
05-09-2023 07:23 AM
I don't know why they even show jewelry sales. With their lousy inventory, they could just drop it from financial reports.
Q delisted their stock last week - the exchange automatically does this when stock falls below $1 for more than 30 days. It'll be interesting to see the next quarterly report.
Q has been missing the boat for many years. They need to get their act together soon.
05-09-2023 08:42 AM
Ok... I think the only people who care about this are the QVC haters who oddly are hoping that QVC will crash and burn. I suppose they think thousands of people losing their jobs and financial impact on the communities they live in is a good thing. QVC will adjust to worldwide business challenges.
05-09-2023 08:57 AM
@chrystaltree wrote:Ok... I think the only people who care about this are the QVC haters who oddly are hoping that QVC will crash and burn. I suppose they think thousands of people losing their jobs and financial impact on the communities they live in is a good thing. QVC will adjust to worldwide business challenges.
@chrystaltree Not true at all. I want QVC to always be around [in one form or another] and hope for the very best for their operations and employees.
I've also been very interested in Qurate's financials every since Qurate became Qurate. Quarterly reports tell a fantastically interesting story, if one follows publicly traded companies and understands the analytics. I do.
It can also give insight as to why some shows are dwindling (i.e., jewelry) after so many years; why more original content is shifting over to streaming only and not their regular channels; why some vendors seem to have disappeared quietly; etc.
Don't for a minute believe that only the interested are nay-sayers (yes, of course some are, but that's in everything).
05-09-2023 09:02 AM
I projected that someone would be unhappy and miserable about others who enjoy reading, analyzing and discussing Qurate's financial results.
My forecast was correct and on target (I even pinpointed the source accurately.)
05-09-2023 09:20 AM - edited 05-09-2023 03:36 PM
I'm definitely not an expert on financials, but seems the Rocky Mount fire and insurance received somewhat pulled Q out to the hole temporarily.
Get sneak previews of special offers & upcoming events delivered to your inbox.
*You're signing up to receive QVC promotional email.
Find recent orders, do a return or exchange, create a Wish List & more.
Privacy StatementGeneral Terms of Use
QVC is not responsible for the availability, content, security, policies, or practices of the above referenced third-party linked sites nor liable for statements, claims, opinions, or representations contained therein. QVC's Privacy Statement does not apply to these third-party web sites.
© 1995-2023 QVC, Inc. All rights reserved. | QVC, Q and the Q logo are registered service marks of ER Marks, Inc. 888-345-5788