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Stock impact report

Qurate Retail Inc (QRTEA) Q3 2024 Earnings Call Highlights: Navigating Revenue Declines and ... [Yahoo! Finance]

Qurate Retail, Inc. - Series A (QRTEA) 
Last qurate retail, inc. - series a earnings: 2/25 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Apparel Revenue: Declined 3%, despite gains in certain brands. Fashion Fee Revenue: Decreased 4%, driven by lower demand for Bath & Body. Electronics Revenue: Decreased 16%, primarily due to weaker computer sales. Adjusted EBITDA Margin: Dropped by 40 basis points. Gross Margin: Declined 10 basis points, with higher product margins mitigated by fulfillment pressure. Fulfillment Expenses: Increased approximately 35 basis points due to higher wage and freight rates. Operating Expenses: Decreased 6% due to lower commissions. SG&A Expenses: Reduced by 4% but unfavorable by 35 basis points due to deleveraging of administrative costs and increased marketing expense. QVC International Revenue: Decreased 1%, with a 3% decrease in average selling price. QVC International Adjusted EBITDA: Decreased 9%, with a margin contraction of 95 basis points. Cornerstone Revenue: Declined 12% due to soft demand across home brands. Cornerstone Gross Margin: Expanded 290 basis points d Show less Read more
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