After selling out a debut holiday collection with QVC, Elton and Slatkin + Co. introduce new products perfect inspired by John's gardens WEST CHESTER, Pa., April 18, 2025 /PRNewswire/ -- Renowned home fragrance brand Slatkin + Co. is excited to continue their partnership with internationally acclaimed musician performer Elton John and QVC, a world leader in live shoppable entertainment to launch a new fragrance collection for Spring, designed to transport your senses straight to Elton's country Estate, Wood ...

Englewood, Colorado, February 27, 2025 – QVC Group, Inc. ("QVC Group") (Nasdaq: QVCGA, QVCGB, QVCGP) today reported fourth quarter and year end 2024 results (1) . Exhibit 99.1 QVC GROUP REPORTS FOURTH QUARTER AND YEAR END 2024 FINANCIAL RESULTS "2024 was an important year for the company and we achieved several milestones. We successfully completed Project Athens, resulting in a second straight year of Adjusted OIBDA growth as reported and enhanced operating discipline. We also reduced our debt levels to st ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33982 QVC GROUP, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdiction o ...

The fixed-income universe has been materially disrupted over the last few months, and Qurate Retail's (NASDAQ: QRTEA ) 8.0% Series A Cumulative Preferreds (NASDAQ: QRTEP ) have seen their value dip by 31% from their 52-week-high. The preferredsThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high ...

Love Wellness, No Makeup Makeup, and Gatineau Skincare join the beauty and wellness assortment at QVC WEST CHESTER, Pa., Jan. 15, 2025 /PRNewswire/ -- QVC®, a world leader in live shoppable entertainment, today announced a lineup of new beauty and wellness brands including Love Wellness, No Makeup Makeup®, and Gatineau Skincare premiering on-air and on QVC.com this month. "The start of a new year is the perfect time to indulge in self-care and discover new products and brands to help you feel refreshed and ...

The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Disclosure: I/we have a beneficial long position in the shares of QRTEP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my o ...

Exhibit 99.1 QURATE RETAIL, INC. REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Englewood, Colorado, November 7, 2024 – Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today reported third quarter 2024 results (1). "While the third quarter was anticipated to be the most difficult quarter of 2024, current headline events and the challenging macro-economic climate heavily impacted viewership of our programming and consumer behavior more than expected," said David Rawlinson, President and CEO ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33982 QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other j ...

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Financial Data and Key Metrics - Adjusted OIBDA increased by 19% in Q3 2024, despite being the most difficult quarter of the year due to macroeconomic challenges and significant events like the Olympics and political conventions [6] - Revenue was lower than expected, leading to meaningful deleverage throughout the P&L [7] - Consolidated gross margin remained flat, with product margin gains offset by unfavorable fulfillment costs due to inflation and market pressures [10] - Operating expenses decreased by $11 million, and SG&A expenses decreased by $10 million year-over-year [10] - Adjusted OIBDA margin contracted by 80 basis points due to approximately 125 basis points of sales deleverage [10] - Free cash flow, excluding insurance proceeds, increased by nearly $400 million from December 2022 to September 2024 [24] Business Line Performance - QxH (QVC and HSN) revenue declined by 6%, driven by lower unit volume and shipping and handling revenue, partially offset by favorable returns [28] - QVC International revenue declined by 1%, with QVC Germany and Japan reporting flat revenue, while QVC U.K. declined by 1% [22][30] - Cornerstone Brands revenue declined by 12% due to low demand from continued housing market pressures [23][31] - Streaming business saw strong momentum, with revenue, total minutes viewed, and monthly average users all growing in double digits in Q3 [21] Market Performance - QxH total TV minutes viewed decreased by 4% in Q3, while major networks grew by 16%, and news and information programming increased by more than 20% [9] - Competing events collectively reduced revenue by approximately 1 to 2 percentage points in Q3 [9] - QVC International experienced growth in home and electronics but saw declines in apparel and beauty categories [30] - Cornerstone Brands faced challenges in the housing market, impacting its revenue and adjusted OIBDA [11][23] Company Strategy and Industry Competition - The company is nearing the end of its multi-year Project Athens initiative, which has improved cost, margin, and cash flow focus [24] - Cornerstone Brands is implementing a transformation plan to improve profitability, focusing on cost reduction and revenue growth [23] - The company is pursuing a new growth strategy to reach aggregated audiences on social and streaming platforms, recognizing the impact of cord-cutting on its demographic [26][40] - The Age of Possibility campaign and Q50 brand ambassadors continue to drive brand engagement and customer loyalty [14][15] Management Commentary on Operating Environment and Future Outlook - The macroeconomic climate and significant events like the Olympics and political conventions negatively impacted consumer behavior and viewership [6][8] - Management expects a more normalized viewing cadence in Q4 2024, with a strong programming calendar and improved leverage challenges [57] - The company is focused on driving revenue growth while maintaining efficiency and margin improvements as it transitions from Project Athens to a more growth-oriented phase [63] Other Important Information - The company completed a debt exchange, extending its maturity profile and reducing interest expense by approximately $9 million [33][39] - Qurate Retail's leverage ratio was 3.1x, well below the maximum covenant threshold of 4.5x [35] - The company received a notice from NASDAQ regarding its stock price and is taking steps to regain compliance, including a potential reverse stock split [36] Q&A Session Summary Question: Category performance and actions to address soft categories [42] - Management noted that category performance was disproportionately impacted by macroeconomic factors and events, with home revenue declining by 3% and electronics declining by 16% [42] - The company is adjusting airtime assets to focus on stronger categories and expects a bounce back in a more normalized environment [42] Question: Impact of tariffs and sourcing strategies [45] - Vendors are typically responsible for tariffs, and the company has diversified sourcing to mitigate tariff impacts [45] Question: Trends in October and viewership normalization [46][47] - Management observed a direct correlation between significant events and viewership declines, with sales per hour dropping during key events [46] - The company expects a more normalized viewing cadence in Q4 [47] Question: International customer trends and shipping impacts [49][50][52] - QVC Germany and Japan reported flat revenue, while QVC U.K. declined by 1% [50] - Shipping challenges, particularly in the Red Sea, impacted gross margins but are expected to normalize [52] Question: Best customer metrics and future growth focus [53][54] - QVC's best customers, who purchase over 20 items annually, represent 17% of the customer count and 76% of sales [53] - The company plans to focus on growing the customer file as it transitions to a more growth-oriented phase [54] Question: Holiday sales and consumer behavior [57][58][67][68] - Management expects a more normalized Q4 with a strong programming calendar and improved leverage [57] - Consumers remain cautious and value-conscious, responding to seasonal and holiday-themed promotions [67][68] Question: Capital structure and revolver refinancing [69][70] - The debt exchange extended the maturity profile, providing runway for revolver refinancing in late 2028 or early 2029 [69][70] Question: Cash balances and deployment [71][72] - The company maintains strategic cash balances across different entities, with QVC using free cash flow to repay the revolver [71][72]