---
schema_version: "secwatch.filing_event.v1"
accession: "0001355096-23-000008"
form_type: "8-K"
ticker: "QVCGA"
cik: "0001355096"
company_name: "QVC Group, Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T17:19:56.845289+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Qurate Retail Q4 revenue $3.5B (-13% YoY), full-year net loss $2.6B; appoints Bill Wafford as CFO

## Summary
- Q4 revenue $3.5B (-13% YoY); full-year revenue $12.1B (-14% YoY). Diluted EPS $(0.13) Q4, $(6.83) full year; adjusted EPS $(0.05) Q4, $0.15 full year.
- QxH recorded $2.7B non-cash impairment of goodwill and HSN tradename; Zulily recorded $366M impairment. Full-year operating loss $2.0B.
- Bill Wafford appointed CFO of Qurate Retail Group effective March 20; James Hathaway becomes CFO of QVC US; Larry Hayes retiring as GC.
- Sale-leaseback of UK and German fulfillment centers closed Jan 2023 for $182M proceeds.
- No share repurchases from Nov 2022 to Jan 2023; remaining authorization ~$492M.

## SEC filing metadata
- accession: 0001355096-23-000008
- form_type: 8-K
- ticker: QVCGA
- cik: 0001355096
- company_name: QVC Group, Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355096/000135509623000008/0001355096-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355096/000135509623000008/qrtea-20230228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001355096-23-000008
- JSON: https://secwatch.observer/filing/0001355096-23-000008.json
- Plain text: https://secwatch.observer/filing/0001355096-23-000008.txt

## Key facts
- Earnings Releases
  QVC Group, Inc. reported fiscal year ended December 31, 2022 results: revenue $12.1 billion, EPS $(6.83).
  - Period: fiscal year ended December 31, 2022
  - Revenue: $12.1 billion
  - EPS: $(6.83)
  - Result: reported results
  source text: ● Total Qurate Retail revenue decreased 13% to $3.5 billion in Q4, and decreased 14% to $12.1 billion in full year ● In constant currency (2) revenue decreased 10% in Q4 and 11% in full year ● eCommerce revenue decreased 14% to $2.3 billion or 64% of total revenue in Q4, and decreased 14% to $7.6 billion or 62% of total revenue in full year ● Qurate Retail reported diluted EPS of $(0.13) in Q4 and $(6.83) in full year ● Adjusted diluted EPS (3) of $(0.05) in Q4 and $0.15 in full year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000135509623000008/0001355096-23-000008-index.htm
- Earnings Releases
  QVC Group, Inc. reported fourth quarter 2022 results: revenue $3.5 billion, EPS $(0.13).
  - Period: fourth quarter 2022
  - Revenue: $3.5 billion
  - EPS: $(0.13)
  - Result: reported results
  source text: ● Total Qurate Retail revenue decreased 13% to $3.5 billion in Q4, and decreased 14% to $12.1 billion in full year ● In constant currency (2) revenue decreased 10% in Q4 and 11% in full year ● eCommerce revenue decreased 14% to $2.3 billion or 64% of total revenue in Q4, and decreased 14% to $7.6 billion or 62% of total revenue in full year ● Qurate Retail reported diluted EPS of $(0.13) in Q4 and $(6.83) in full year ● Adjusted diluted EPS (3) of $(0.05) in Q4 and $0.15 in full year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000135509623000008/0001355096-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.