QVC bankruptcy court confirms restructuring plan; May revenue $300M, net profit $9.4M

QVC INC

Bankruptcy Court confirmed QVC Group's prepackaged financial restructuring plan on July 15, 2026.
May 2026 monthly operating report: revenue $300.4M, gross profit $115.9M, net profit $9.4M.
Cash balance at May 31, 2026: $330.1M; total assets $2.14B, total liabilities $2.99B, negative equity $847.7M.
Prepetition secured debt $5.05B; company has 12,500 full-time employees.
Cumulative net loss since petition (April 16) is $25.2M.

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