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Stock impact report

Qurate Retail, Inc. Reports Third Quarter 2024 Financial Results

Qurate Retail, Inc. - Series A (QRTEA) 
Last qurate retail, inc. - series a earnings: 2/25 04:30 pm Check Earnings Report
Company Research Source: Business Wire
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today reported third quarter 2024 results(1).“While the third quarter was anticipated to be the most difficult quarter of 2024, current headline events and the challenging macro-economic climate heavily impacted viewership of our programming and consumer behavior more than expected,” said David Rawlinson, President and CEO of Qurate Retail. “As a result, revenue underperformed this quarter and resulted in meaningful bottom-line deleverage. Despite this, we were able to hold consolidated gross margin flat with disciplined cost management and reduced operating expenses. We also continued our proactive balance sheet management, completing an offer in which 89% of QVC’s 2027 and 2028 notes were tendered which improves the QVC credit profile with reduced debt and an extended maturity profile.“We are nearing the end of our multi-year Project Athens initiative focused on margin and free Show less Read more
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