ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of November 1, 2024 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”).The semi-annu...
Company to Become 'QVC Group' in Q1 2025, Leveraging the Brand Equity of Flagship Brand WEST CHESTER, Pa. , Nov. 15, 2024 /PRNewswire/ -- Qurate Retail GroupSM, part of Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP), today announced a new strategy to build on its proud legacy in TV and expand into a live social shopping company.
I'm buying Qurate Retail's 8.0% Series A Cumulative Preferred Stock at a 60% discount to their liquidation value and with a 20% yield on cost. The current discount is expected to close as Qurate's deleveraging, free cash flow, and Fed rate cuts improve market sentiment. Preferreds are down despite favorable Fed rate cuts, with redemption obligations by 2031, suggesting an undervalued opportunity.
Sandra Lee will also host a new three-part QVC special, " Sandra Lee NOW", bringing customers the best holiday finds, tips and tricks WEST CHESTER, Pa. , Nov. 8, 2024 /PRNewswire/ -- Everyone's favorite aunt, Aunt Sandy Claus is coming to QVC®, just in time for the holidays to make everything easier and more festive.
Qurate Retail, Inc. (NASDAQ:QRTEA ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Shane Kleinstein - SVP, Investor Relations David Rawlinson - President and Chief Executive Officer Bill Wafford - Chief Administrative Officer and CFO Gregory Maffei - Executive Chairman Ben Oren - Executive Vice President and Treasurer Conference Call Participants William Reute...
QVC Announces Lineup for the Weekend Holiday Marathon Filled with Deals, Exclusive Items, Entertainment and Celebrities WEST CHESTER, Pa. , Oct. 31, 2024 /PRNewswire/ -- Get in the holiday spirit and have a stress-free weekend by turning to QVC Friday, November 1 starting at 8 p.m.
Qurate Retail is transitioning from cable TV to e-commerce, with e-commerce now constituting the majority of sales, improving margins and cash flow. Despite sales declines, operational turnaround efforts under Project Athens have stabilized revenue, grown OIBDA, and are expected to generate $400 million in free cash flow for 2024. The company faces significant debt challenges but is making prog...
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