Community Chat

[Seminole2]

I was hoping that @THEY CallMe Mr Wilkes  would do their usual bang up job on posting the financial numbers that were released Wednesday would be posted.  I cannot do it the justice that they do.  My simple interpretation is that it's not looking promising.  

[Susan Louise]

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@Seminole2 wrote:

I was hoping that @THEY CallMe Mr Wilkes  would do their usual bang up job on posting the financial numbers that were released Wednesday would be posted.  I cannot do it the justice that they do.  My simple interpretation is that it's not looking promising.  

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@Seminole2   That sounds depressing...can you elaborate a bit?

[JillyMarie]

Q's biggest concern right now is debt.  From the 3Q report -

QVC Group is in compliance with all debt covenants as of September 30, 2025. QVC's bank credit facility matures on October 27, 2026. As a result, the related outstanding debt balance of $2.9 billion will be reclassified from a non-current liability to a current liability as of October 31, 2025. The outstanding debt under QVC's bank credit facility, in addition to QVC's senior secured notes, could become due sooner than October 27, 2026, if QVC does not remain compliant with the consolidated leverage ratio financial covenant under its bank credit facility and a waiver or forbearance from the lenders thereunder is not obtained. This can be triggered if the consolidated net leverage ratio for QVC is greater than 4.5 to 1.0 under QVC's bank credit facility. Therefore, QVC's continuation as a going concern is currently dependent upon ability to refinance or repay the debt balance upon maturity. Please refer to QVC Group's Form 10-Q for more information.

[Seminole2]

Here's some more:

In the third quarter of 2025, QVC Group reported a total revenue of $2.21 billion, down 6% in US dollars from the previous year. The company also reported an operating loss of $80 million and a significant decline in adjusted OIBDA, though it saw revenue growth on its social and streaming platforms. QVC noted progress in its sourcing strategy and positive performance in its UK market, but faced challenges in the home and electronics categories and the Japanese market.

[Seminole2]

Other notable points:
Positive growth: Revenue on social and streaming platforms increased by 30%, and average customer spend grew by 4%.
Customer count: Active customer count fell by 11% to 7 million.
Sourcing and Markets: Progress was made in diversifying sourcing away from China, and the UK market showed positive performance, but the company noted challenges in the Japanese market.

[Seminole2]

Sorry this is the best I can do because using the phone you can't post any pictures:

Key financial highlights:
Total Revenue: $2.21 billion, a 6% decrease year-over-year.
Operating Income: $60 million, a 61% decrease year-over-year.
Net Loss: $80 million, or $9.89 per share.
Adjusted OIBDA: Decreased by 32% to $193 million compared to the prior year.
QxH (QVC US and HSN) Revenue: Decreased by 7% to $1.42 billion.
QVC International Revenue: Decreased by 1% to $566 million.
Cornerstone Revenue: Decreased by 8% to $231 million.

[THEY CallMe Mr Wilkes]

The "going concern" pronouncement is certainly ominous. 

Hopefully the ongoing negotiations with the company's bank lenders will be successful and provide some short-term relief.  But the banks want their money back at some point and will extract a price to get it.

$2.9 billion is an awfully heavy burden to repay all at once.  Inability to pay debts when due is typically what causes a company's Chapter 11 filing.

[skatting44]

  Well, maybe that's why they finally reduced old stock from last year to lower prices to sell it off finally .

[Estellee]

Seems like QVC is doing everything they can to get viewers to purchase. If people don't have the cash then they won't shop.

[wakefield64]

Just my opinion...QVC should stop trying to be all things to all people. They have a "faithful older" base of which I am one. I think there is a lot of extraneous people, celebrities and unnecessary events that would cut their expenditures immeasurably..I don't think Kathy Hilton makes an appearance for nothing.

Customers want a good product at a decent price and sales will increase.They tried the "entertainment" route and their 3 rd quarter figures are not good...time for a change.