Welcome to our dedicated page for Qurate Retail Series B news (Ticker: QRTEB), a resource for investors and traders seeking the latest updates and insights on Qurate Retail Series B stock.
Qurate Retail Inc, through its subsidiaries, is engaged in the video and online commerce industries. Its segments include QxH, which includes QVC U.S. and HSN market and sell a wide variety of consumer products in the United States, using their televised shopping programs and via the Internet through their websites and mobile applications; QVC International segment markets and sells a wide variety of consumer products in several foreign countries, using its televised shopping programs and via the Internet through its international websites and mobile applications; and Zulily markets and sells a wide variety of consumer products in the United States and several foreign countries. Geographically, the company operates in U.S, which generates key revenue, Japan, Germany and other regions.
Qurate Retail (Nasdaq: QRTEA) has declared a regular quarterly cash dividend for holders of its 8.0% Series A Cumulative Redeemable Preferred Stock. Shareholders will receive $2.00 per share, payable on December 16, 2024, with a record date of December 2, 2024. Qurate Retail Group, a Fortune 500 company, operates six retail brands including QVC and HSN, reaching over 200 million homes worldwide through 15 television channels and various digital platforms.
Qurate Retail Group announced its transformation into 'QVC Group' in Q1 2025, unveiling a new growth strategy focused on live social shopping. The company aims to generate $1.5 billion+ run-rate revenue from streaming and social within three years while maintaining double-digit adjusted OIBDA margins.
The strategy builds on Project Athens, which is expected to deliver over $500 million in adjusted OIBDA run-rate impact through 2024. The company will focus on three priorities: expanding content distribution across shopping platforms, creating a leading live social shopping content engine, and leveraging technology for continuous improvement.
QVC has announced the launch of Aunt Sandy Claus, a holiday collection by Sandra Lee, featuring items priced under $100. The collection includes holiday décor, linens, and kitchen essentials, with select items available now on QVC.com and the full assortment premiering on-air November 17. Sandra Lee will host three one-hour specials, 'Sandra Lee NOW', airing on QVC November 10, 17, and 24, showcasing holiday cooking tips, entertaining ideas, and gifting suggestions. The collection includes illuminated gingerbread houses, stockings, reversible plaid/sherpa comforter sets, and kitchen essentials like stamped stoneware muffin pans and pie plates.
Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) reported its Q3 2024 financial results, highlighting a 5% revenue decrease to $2.344 billion. Operating income was $152 million, and adjusted OIBDA fell by 12% to $250 million. Key segment performances included a 6% revenue decline for QxH and a 1% decline for QVC International. Cornerstone saw a 12% revenue drop. Despite revenue challenges, Qurate managed to maintain gross margins and reduced operating expenses. The company also improved QVC's credit profile by tendering 89% of its 2027 and 2028 notes, partially funded by $605 million in new notes due 2029. The Project Athens initiative is nearing completion, focusing on margin and free cash flow improvements. Qurate is transitioning to a new strategic growth phase, aiming to enhance capabilities for social and streaming platforms.
QVC announces its largest live shopping event, 'Nonstop Holiday Party,' running from November 1-3, 2024. The weekend marathon features celebrity appearances including John Legend, Donna Kelce, and Jordan Mailata, alongside exclusive product launches and holiday deals. The event will stream across QVC's platforms, featuring brands like Koolaburra by UGG, Dyson, and Apple. Notable highlights include John Legend's personal care line debut and a special Philly Christmas Album promotion benefiting Children's Hospital of Philadelphia. The 53-hour marathon spans multiple QVC channels and platforms, offering hundreds of gift ideas and exclusive holiday bundles.
QVC announces the launch of Loved01, John Legend's unisex skincare brand focused on black and brown skin needs, with products available now on QVC.com and premiering on-air November 2. The line includes exclusive product sets like the Daily Love four-piece Gift Set and Signature Men's 3-piece Gift Set. Loved01 was developed with dermatologists and cosmetic chemists, prioritizing moisturization and hydration for melanin-rich skin while addressing universal skincare concerns. The brand aims to provide accessible, high-quality skincare products that are effective for all skin types.
QVC has announced an exclusive collaboration with fashion designer and influencer Carla Rockmore, launching a new apparel collection. The collection features statement pieces with vibrant colors and patterns, available in sizes XXS to 5X, priced from $49.00 to $115.00. The line premieres on-air November 1st after 'Over 50 and Fabulous'. Rockmore, known as the 'Real Life Carrie Bradshaw' with millions of social media followers, brings her 30-year design experience to QVC's platform, targeting women over 50 with her signature playful approach to fashion.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced its annual Investor Meeting, scheduled for Thursday, November 14, 2024. The event will coincide with Liberty Media 's annual Investor Meeting. Presentations related to Liberty Media will start at approximately 9:30am E.T., while those for Qurate Retail, Liberty TripAdvisor Holdings, Inc., and Liberty Broadband are expected to begin around 1:00pm E.T.
During the meeting, Qurate Retail may provide insights into its financial performance and outlook, along with other relevant information for investors. This event presents an opportunity for stakeholders to gain valuable information about the company's current status and future plans.
QVC announced the launch of Miranda Kerr's KORA Organics, a certified organic skincare line, on October 15, 2024. The brand aims to provide results-driven skincare with transparent formulations and ingredients. KORA Organics products are cruelty-free and formulated with certified organic ingredients to deliver healthy-looking, glowing, and radiant skin.
The on-air assortment includes customer favorites such as the Noni Glow Face Oil, Turmeric Moisturizer, and Kakadu Plum Vitamin C Serum. Popular bundles like the Anti-Aging Plant Stem Cell Retinol Set will also be available. Miranda Kerr expressed excitement about sharing her brand's story with QVC's community and introducing KORA Organics as the first certified organic skincare line offered on QVC.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced its plans to release third quarter 2024 earnings and host a conference call on Thursday, November 7th at 8:30 a.m. E.T. The company will issue a press release detailing the results before the market opens on the same day. Investors can access this information on the company's website at https://www.qurateretail.com/investors/news-events/press-releases.
The earnings release and subsequent conference call are expected to cover Qurate Retail's financial performance, outlook, and potentially other relevant topics. This event provides an opportunity for stakeholders to gain insights into the company's recent performance and future prospects.
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