---
schema_version: "secwatch.filing_event.v1"
accession: "0001355096-23-000016"
form_type: "8-K"
ticker: "QVCGA"
cik: "0001355096"
company_name: "QVC Group, Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:12:18.094663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Qurate Retail Q1 revenue down 8% to $2.6B; adjusted EPS loss of $0.05

## Summary
- Revenue $2.64B (-8% YoY); total customers LTM down 14% at QxH and 33% at Zulily.
- GAAP EPS $0.05; adjusted EPS -$0.05; adjusted OIBDA $179M (-47% YoY).
- QxH revenue -5%, QVC Intl -12% (+3% constant currency), Cornerstone -13%, Zulily -17%.
- Workforce reductions at QxH ($60M annual savings) and Zulily ($14M); Project Athens on track.
- Cash $1.29B; repaid $214M senior secured notes; QVC leverage 2.5x; $55M insurance proceeds received.

## SEC filing metadata
- accession: 0001355096-23-000016
- form_type: 8-K
- ticker: QVCGA
- cik: 0001355096
- company_name: QVC Group, Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355096/000135509623000016/0001355096-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355096/000135509623000016/qrtea-20230502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001355096-23-000016
- JSON: https://secwatch.observer/filing/0001355096-23-000016.json
- Plain text: https://secwatch.observer/filing/0001355096-23-000016.txt

## Key facts
- Earnings Releases
  QVC Group, Inc. reported first quarter 2023 results: revenue $2.6 billion, EPS $0.05.
  - Period: first quarter 2023
  - Revenue: $2.6 billion
  - EPS: $0.05
  - Result: reported results
  source text: First quarter 2023 operating results: ● Qurate Retail revenue decreased 8% to $2.6 billion o In constant currency (2) revenue decreased 6% ● Qurate Retail reported diluted EPS of $0.05 o Adjusted diluted EPS (3) of $(0.05)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000135509623000016/0001355096-23-000016-index.htm

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