Qurate Retail

Ticker
$QRTEA
Industry
Media
Type
Delever
Rating
Not Rated
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This company operates QVC and HSN -- they were mostly cable-network-driven home shopping sales but they've grown to be mostly e-commerce at this stage (at 2/3 of total revenue). This is also a Liberty-controlled stock.They had a huge bump in FCF during 2020 which looks like it should settle back in to 2018-2019 levels... Problem is that revenue/FCF hasn't grown since the completion of 2018 acquisition of HSN..

Notes

Fulfillment center fire — Dec 2021 — Impacted 25-30% of QVC/HSN volume

Financials & Valuation

Resources

Qurate Retail ($QRTEA) — Initiation (8/30/21)
Qurate Retail ($QRTEA) — 3Q21 Update (11/11/21)