Overview
QVC Group Q3 revenue decreased 6% yr/yr, driven by declines in QxH and Cornerstone
Operating income fell 61% yr/yr, pressured by tariffs and revenue decline
Adjusted OIBDA decreased 32% yr/yr due to higher marketing costs and sales deleverage
Result Drivers
QxH REVENUE DECLINE - Driven by a 7% decrease in units shipped and lower shipping and handling revenue, partially offset by favorable returns and a 1% increase in average selling price
INTERNATIONAL REVENUE DECLINE - Attributed to a 4% decrease in average selling price and lower shipping and handling revenue
CORNERSTONE REVENUE DROP - Resulted from lower units shipped in home and apparel categories, offset by higher average selling price
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $2.21 bln | ||
Q3 Adjusted OIBDA | $169 mln | ||
Q3 Operating Income | $60 mln |
Press Release: ID:nPn7vq2h7a
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)