Earnings release
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November 4 , 2021 Qurate Retail , Inc. Reports Third Quarter 2021 Financial Results Board of Directors Declares $ 1.25 Per Common Share Special Cash Dividend Committed to Returning Cash Flow to Shareholders RETAIL , INC . ENGLEWOOD , Colo .-- ( BUSINESS WIRE ) -- Qurate Retail , Inc. ( " Qurate Retail " ) ( Nasdaq : QRTEA , QRTEB , QRTEP ) today reported third quarter 2021 results ( 1 ) . " While there are near - term industry challenges to work through , I couldn't be more excited about the long - term opportunity at Qurate Retail to accelerate growth and drive shareholder value , " said David Rawlinson , President and CEO of Qurate Retail . " Our team is managing through current industry pressures while simultaneously working intently to accelerate growth initiatives and reimagine our strategic plan . Supply chain constraints and cost inflation are impacting our entire industry , and we have taken action to help mitigate the potential impacts . " Since joining the company in early August and transitioning to CEO on October 1st , I have met with countless customers , partners , thought leaders and entrepreneurs in our space , and Qurate leaders . These conversations reaffirmed the reasons why I joined Qurate . Our business is built on a solid foundation of long - standing relationships with highly engaged customers , expert hosts , compelling entrepreneurs , an established vendor network and our talented employee base . This is a solid foundation for accelerating our effort to humanize retail , in contrast to the scaled transactional players . " Third quarter 2021 operating results : Qurate Retail revenue decreased 7 % to $ 3.1 billion o In constant currency ( 2 ) revenue decreased 7 % o eCommerce revenue decreased 6 % to $ 2.0 billion or 63 % of total revenue • Qurate Retail reported diluted EPS of $ 0.31 • Adjusted diluted EPS ( ³ ) of $ 0.30 QxH revenue decreased 8 % • QVC International revenue decreased 3 % o In constant currency , revenue decreased 4 % • Zulily revenue decreased 17 % Cornerstone revenue increased 7 % Corporate headlines : • Board of Directors declared special cash dividend of $ 1.25 per share of common stock • From August 1 , 2021 , through October 31 , 2021 , repurchased 10.9 million QRTEA