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Qurate Retail Group (QRTEA)
NASDAQ:QRTEA
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
-0.7Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -5.00%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted successful completion of Project Athens and strategic initiatives to grow social commerce, but was overshadowed by revenue declines and challenges in the Cornerstone business. The company is actively managing costs but faces headwinds from cord-cutting and a declining customer base.Company Guidance
During the QVC Group 2024 Q4 earnings call, the company provided guidance and detailed metrics about their performance and future strategies. They reported a total revenue decline of 6% in Q4, with a 4% drop in QxH TV minutes viewed due to linear TV declines and reduced consumer spending. Despite these challenges, QVC International's adjusted OIBDA increased 12% year-over-year, with a 170 basis point margin expansion. The company achieved $500 million in run rate OIBDA improvement through Project Athens, surpassing their target of $300-$600 million. For 2024, they expanded OIBDA margins by 220 basis points and improved free cash flow by over $500 million compared to 2022. QVC also reduced operating expenses by 8% and SG&A costs by 9%. Looking forward, they aim for $1.5 billion in run rate revenue from social and streaming within three years while maintaining a stable double-digit adjusted OIBDA margin.Completion of Project Athens
Successfully concluded Project Athens in 2024, generating more than $500 million of run-rate OIBDA improvement compared to the objective of $300 million to $600 million.
QVC International's Performance
QVC International was the best-performing business in Q4 with OIBDA increasing 12% year-on-year and adjusted OIBDA margin up 170 basis points.
Debt Reduction Achievements
Improved the balance sheet by reducing gross debt by $442 million and extending the maturity profile.
Social and Streaming Strategy
Introduced a new strategy to grow the social commerce segment to a $1.5 billion revenue run rate within 3 years.
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QRTEA 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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QRTEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $0.40 | $0.33 | -17.50% |
| Nov 07, 2024 | $0.56 | $0.48 | -14.29% |
| Aug 08, 2024 | $0.62 | $0.65 | +4.84% |
| May 08, 2024 | $0.90 | $0.91 | +1.11% |
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 Group (QRTEA) report earnings?
Qurate Retail Group (QRTEA) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Qurate Retail Group (QRTEA) earnings time?
Qurate Retail Group (QRTEA) 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 QRTEA EPS forecast?
QRTEA EPS forecast for the fiscal quarter 2024 (Q4) is 0.3.
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