---
schema_version: "secwatch.filing_event.v1"
accession: "0001355096-24-000017"
form_type: "8-K"
ticker: "QVCGA"
cik: "0001355096"
company_name: "QVC Group, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:06:43.492058+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Qurate Retail Q1 rev -4%; Adj OIBDA +25% cc; adj EPS $0.04; repaid $423M notes

## Summary
- Revenue $2.34B (-4% ex-Zulily); QxH -4%, QVC Intl -3% (-1% cc), Cornerstone -11%.
- Adjusted OIBDA $259M (+25% constant currency); gross margin expanded across segments.
- GAAP net loss $1M ($0.00 EPS); adjusted net income $17M ($0.04 adj EPS).
- Repaid remaining $423M of QVC 4.85% notes due April 2024; cash $1.1B, total debt $5.5B.
- QVC leverage ratio 2.5x; incremental availability $1.9B under credit facility.

## SEC filing metadata
- accession: 0001355096-24-000017
- form_type: 8-K
- ticker: QVCGA
- cik: 0001355096
- company_name: QVC Group, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355096/000135509624000017/0001355096-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355096/000135509624000017/qrtea-20240508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001355096-24-000017
- JSON: https://secwatch.observer/filing/0001355096-24-000017.json
- Plain text: https://secwatch.observer/filing/0001355096-24-000017.txt

## Key facts
- Earnings Releases
  QVC Group, Inc. reported the quarter ended March 31, 2024 results: net income Net income (loss) $(1), EPS $0.00.
  - Period: the quarter ended March 31, 2024
  - Net income: Net income (loss) $(1)
  - EPS: $0.00
  - Result: reported results
  source text: tomer of women over 50.” ​ First quarter 2024 operating results: ● Qurate Retail revenue decreased 4% (2) in both US Dollars and constant currency (3) ● Qurate Retail grew Adjusted OIBDA (4) 25% (2) in constant currency ● Qurate Retail reported diluted EPS of $0.00 o Adjusted diluted EPS (4) of $0.04 ● QxH revenue decreased 4% ● QVC International revenue decreased 3% o In constant currency, revenue decreased 1% ● Cornerstone revenue decreased 11% ​ ​ Corporate headlines: ​ ● Repaid remaining $423 million principal outstanding of QVC’s 4.85% senior secured notes due April 2024 ​ Discussion of Results ​ Unless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2024 to the same period in 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000135509624000017/0001355096-24-000017-index.htm

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