QVC Q1 sales up 11%

Share this content:

QVC's consolidated sales increased 11% to $1.8 billion in the first quarter of 2010, parent company Liberty Media said May 7 in its quarterly earnings call.

The division's operating income was $232 million in Q1 2010, up from $177 million in the first quarter of last year.

The home shopping network's domestic sales increased 10% in the first quarter to $1.2 billion, while its average selling price improved to $51.16 from $51.07 and total units sold jumped 9% to 24.5 million.

QVC.com's share of overall domestic sales grew 3%, reaching 32% for Q1 2010 and a total of $371 million. The shopping network also posted gains internationally.

"QVC is emerging from the downturn showing strong, consistent sales growth," said Mike George, QVC president and CEO, in a statement. "Our global e-commerce business grew 23% in the quarter, well ahead of the overall Internet sales index."

Greg Maffei, Liberty Media president and CEO, said in a statement that the shopping network “again delivered impressive results and drove further margin expansion.”

Revenue for Liberty Interactive, QVC's division, was up 11% overall to $2 billion. Operating income rose 18% to $218 million for the division.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here