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Qurate Retail, Inc (QRTEB)
NASDAQ:QRTEB
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.7Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -40.24%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted successful completion of Project Athens, strong performance in QVC International, and a strategic shift towards social commerce to drive future growth. However, it also noted challenges such as revenue decline, customer count decrease, and significant impact from cord cutting. Overall, the call presents a mix of positive strategic direction and ongoing operational challenges.Company Guidance
During QVC Group's 2024 Q4 earnings call, the company provided detailed guidance on several key financial metrics and strategic initiatives. Total revenue declined by 6% in Q4, attributed to linear TV declines and a cautious consumer environment. However, QVC International maintained flat revenue and expanded its adjusted OIBDA margin by 170 basis points, with OIBDA increasing 12% year-over-year. Cornerstone brands experienced a significant $22 million decline in OIBDA, contributing to three-fourths of the company's total OIBDA decrease of $28 million or 8% year-over-year. The full year saw more than $500 million of run-rate OIBDA improvement, exceeding the Project Athens goal of $300 million to $600 million, and an expansion of OIBDA margins by 220 basis points. The company also improved free cash flow by over $500 million from 2022 to 2024, excluding insurance proceeds. QVC Group reduced operating expenses by 8% and SG&A costs by 9% through lower commissions and personnel costs. Additionally, QVC International increased its adjusted OIBDA margin by 70 basis points for the year. QVC Group aims to generate $1.5 billion in run-rate revenue from social and streaming within the next three years, maintaining a stable double-digit adjusted OIBDA margin and a long-term leverage target of 2.5 times or better.Project Athens Success
QVC Group successfully completed Project Athens, achieving more than $500 million of run rate OIBDA improvement compared to the objective of $300 million to $600 million.
QVC International Performance
QVC International was the best-performing business in Q4, with OIBDA increasing 12% year-on-year and adjusted OIBDA margin expanding by 170 basis points.
Social Commerce Strategy
QVC Group introduced a new strategy to return to growth over the next 3 years by focusing on live social shopping, with a target of generating $1.5 billion of run rate revenue from social and streaming within this period.
Debt Reduction and Financial Stability
QVC Group reduced gross debt by $442 million, extended the maturity profile, and maintained a leverage ratio of 3.1 times, below the maximum covenant threshold of 4.5 times.
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QRTEB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QRTEB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $8.50 | $9.99 | +17.53% |
| Nov 07, 2024 | $3.05 | $3.18 | +4.26% |
| Aug 08, 2024 | $3.60 | $3.79 | +5.28% |
| May 08, 2024 | $4.11 | $4.44 | +8.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Qurate Retail, Inc (QRTEB) report earnings?
Qurate Retail, Inc (QRTEB) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Qurate Retail, Inc (QRTEB) earnings time?
Qurate Retail, Inc (QRTEB) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QRTEB EPS forecast?
Currently, no data Available
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