Qurate Retail Q2 revenue down 9% to $2.4B; Adjusted OIBDA up 4% to $282M

QVC Group, Inc.

2024-Q2 EPS reported $0.05 revenue$4,749,000,000

Revenue $2,407M (-9% YoY); operating income $165M (-55% YoY, includes prior-year insurance gain).
QxH rev -4%, QVC International -5% (flat constant currency), Cornerstone -14%.
Adjusted OIBDA margin improved: QxH +110bps, QVC International +70bps; gross margins up 5th consecutive quarter.
Net debt reduced $71M; QVC leverage ratio 3.1x, restricting dividends; revolver balance down $70M.
CEO cites macro challenges but highlights margin expansion, cost controls, and Age of Possibility campaign.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.