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.
QVC has launched a holiday fundraising initiative with Meals on Wheels America and No Kid Hungry, aiming to combat hunger among vulnerable populations, including children and seniors. From now until December 24, for every select item purchased, QVC will donate $1, with a total goal of raising $350,000 to provide over 1.7 million meals. Customers can also donate directly to these organizations through QVC's platform. This effort follows a successful campaign in 2020 that raised $2.6 million for the charities.
HSN has launched a new fragrance, Love Memoir, by supermodel Iman, inspired by her romance with David Bowie. This exclusive scent features notes of rose, vanilla, bergamot, vetiver, and blackcurrant, reflecting the couple's enduring love. The fragrance will be available on HSN.com and introduced through livestreaming on November 19, 2021. The signature bottle design symbolizes unity and strength, inspired by the couple's memories. Developed in partnership with Batallure Beauty, the fragrance marks Iman's first entry into this market.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced key dates for its upcoming special cash dividend for Series A and B common stockholders. Key dates include November 11, 2021, as the last day to purchase shares for the dividend, November 12, 2021, as the ex-dividend date, and November 15, 2021, as the record date. The payment date for the special cash dividend is set for November 22, 2021. This announcement does not pertain to the previously declared regular quarterly cash dividend for its 8.0% Series A Cumulative Redeemable Preferred Stock.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on December 15, 2021, to stockholders of record as of November 30, 2021. Qurate Retail operates a portfolio of leading retail brands and is prominent in video commerce and e-commerce in North America, reaching approximately 218 million homes globally through multiple platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a $1.25 special cash dividend per common share, totaling approximately $495 million. The company reported a 7% revenue decline to $3.1 billion in Q3 2021 compared to the previous year, with diluted EPS at $0.31 and adjusted EPS at $0.30. Revenue from QxH decreased 8%, Zulily 17%, while Cornerstone grew 7%. Operating income fell 33% to $274 million, affected by supply chain issues and cost inflation.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a special cash dividend of $1.25 per common share, totaling approximately $495 million, based on shares outstanding as of October 31, 2021. The dividend will be paid on November 22, 2021, to stockholders of record as of November 15, 2021. Further details regarding the ex-dividend date will be provided in a future press release.
QVC and HSN are hosting a 49-hour livestream shopping event called "Shop With Us Live" from November 6-7, featuring over 200 hours of interactive shopping content. The event will showcase various celebrities, including Whoopi Goldberg and Dolly Parton, offering holiday deals and promotions on popular brands. Shoppers can access the livestream across multiple platforms, including social media and streaming services. All orders will arrive by December 24, featuring an Under the Tree Guarantee. The event aims to engage millions of shoppers during the holiday season.
Zulily, an online retailer, is partnering with Toys for Tots this holiday season. From November 1 to November 30, 2021, for every order including two or more items from Zulily's Santa's Workshop, the company will donate $1 to Toys for Tots. This initiative aims to provide toys to less fortunate children, aligning with Zulily's commitment to community support. Zulily highlights its role as a major toy seller, having sold tens of millions of toys since 2010, and encourages early holiday shopping among moms, who often plan ahead for gifts.
QVC, Inc. announced the refinancing of its senior secured credit facility with a new $3.25 billion multi-currency revolving facility on October 27, 2021. This new arrangement replaces the previous $2.95 billion credit facility and includes a reduced interest rate based on the consolidated debt-to-EBITDA ratio. The facility matures on October 27, 2026 and is secured by the equity of QVC and its wholly owned subsidiaries, including Zulily and Cornerstone Brands.
Qurate Retail, Inc. will hold a conference call on November 4th at 8:30 a.m. (E.D.T.) to discuss its third-quarter 2021 results. The earnings press release will be available before market open on the same day. Participants can access the call by dialing 800-289-0571 or +1-323-794-2093 with passcode 5872354. The call will also be broadcast live online, and links to the press release and call replays will be accessible on the Qurate Retail website. The company is a leader in video commerce and holds several renowned retail brands.
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