Profile
Sector:
Consumer CyclicalIndustry:
Internet RetailCountry:
United StatesIPO:
10 May 2006Website:
http://www.qurateretail.comNext earnings report:
28 February 2025Last dividends:
12 November 2021Next dividends:
N/APrice
regular market | 4 min agoDividend
Analysts recommendations
Institutional Ownership
QRTEA Latest News
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.
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 progress with creative refinancing and debt reduction strategies, enhancing financial flexibility.
QVC is becoming the exclusive broadcaster of USA Pickleball as the home shopping network owner looks to experiment with sports and bulk up its streaming platform. QVC will also be the exclusive retail industry partner of USA Pickleball as part of the multiyear partnership.
Qurate Retail, Inc. offers a high-risk, high-reward opportunity, trading at a forward P/E ratio of 0.5x, with signs of revenue stabilization and positive cash flows. Despite past GAAP losses due to non-cash impairments, Qurate's core business remains profitable, generating positive adjusted net income and free cash flow. The company's debt is manageable, with leverage ratios stabilizing, and interest expenses covered by adjusted EBITDA and operating cash flow.
Winnie Harlow to premiere the suncare line that puts skin first live on QVC WEST CHESTER, Pa. , July 12, 2024 /PRNewswire/ -- QVC® , world leader in live shoppable entertainment announced today it has launched Cay Skin.
The traditional business of TV shopping is at an inflection point as it competes with other retailers for consumers' discretionary spending and the entertainment industry for their attention. Cracks in the traditional TV shopping business model are beginning to show.
Qurate Retail's situation has improved thanks to operational improvements, the divestiture of an unprofitable division, and careful cash management. QRTEA's debt obligations look more manageable than they did a year ago. I'm not convinced that the company's turnaround is complete, but I'm optimistic enough to make Qurate a full position in my portfolio.
Qurate Retail's (QRTEA) fourth-quarter 2023 results are likely to reflect strength in gardening, food and kitchen, and home decor categories.
Qurate Retail has given good guidance for Q4. Projections put the company on stable footing going into 2025 and solve many of the debt issues. We view the common and preferred shares as undervalued.
Michael Burry has invested in Qurate Retail, betting on its strong cash flow and ability to pay off debts. QRTEA is a video and online commerce company that differentiates itself through live shows and exclusive sales. The company's improving fundamentals, including debt reduction and increasing customer count, suggest its turnaround plan is working.
What type of business is Qurate Retail?
Qurate Retail, Inc. is an American corporation, formerly known as Liberty Interactive Corporation. It has a history dating back to 1998. Qurate Retail owns subsidiary companies whose main business is video and online retail (the "shop from your couch" format): QVC, Inc., Zulily, LLC, Cornerstone Brands, Inc. QVC, Inc. generates revenue from three companies: HSN, QVC U.S. and QVC International. The companies primarily sell consumer goods through television shopping channels. Zulily, LLC is a company that owns an online store. The store offers a wide range of clothing, shoes, toys, and home goods. Cornerstone Brands, Inc. includes home brands Ballard Designs, Frontgate, Grandin Road, and clothing and accessory brands Garnet Hill and Ryllace.
What sector is Qurate Retail in?
Qurate Retail is in the Consumer Cyclical sector
What industry is Qurate Retail in?
Qurate Retail is in the Internet Retail industry
What country is Qurate Retail from?
Qurate Retail is headquartered in United States
When did Qurate Retail go public?
Qurate Retail initial public offering (IPO) was on 10 May 2006
What is Qurate Retail website?
https://www.qurateretail.com
Is Qurate Retail in the S&P 500?
No, Qurate Retail is not included in the S&P 500 index
Is Qurate Retail in the NASDAQ 100?
No, Qurate Retail is not included in the NASDAQ 100 index
Is Qurate Retail in the Dow Jones?
No, Qurate Retail is not included in the Dow Jones index
When was Qurate Retail the previous earnings report?
No data
When does Qurate Retail earnings report?
The next expected earnings date for Qurate Retail is 28 February 2025