Qurate Retail Inc Stock Price, News & Analysis

Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) will release its Q2 2024 earnings on August 8th, before market open, followed by a conference call at 8:30 a.m. ET. The announcement will cover their financial performance and outlook. Detailed results will be available on their website.

HSN has launched HSNfluencer, a new creator platform powered by impact.com, to enhance collaboration with influencers and increase consumer engagement. The platform allows HSN to manage and analyze creator partnerships in a streamlined, customizable environment, providing tools and support for content creators to generate affiliate links and curated collections. This initiative aims to leverage the growing creator economy, expected to reach $480 billion by 2027, by building direct relationships with creators and improving customer shopping experiences through trusted recommendations.

Qurate Retail Group celebrated Pride Month by organizing Pride flag-raising ceremonies across its various locations in support of LGBTQ+ team members and the broader community. The company, which comprises six prominent retail brands including QVC, HSN, Ballard Designs, FRONTGATE, Garnet Hill, and Grandin Road, emphasized its commitment to diversity and inclusion. This celebration aligns with the company's mission of providing a more human way to shop.

For more information, visit Qurate Retail Group’s profile on 3blmedia.com or contact them via email at info@3blmedia.com.

Qurate Retail announced that their President & CEO, David Rawlinson, will join a panel discussion at the Evercore ISI Consumer and Retail Conference on June 11th at 2:45 p.m. ET. During this event, Rawlinson is expected to provide insights into the company's financial performance and future outlook. This appearance aims to highlight Qurate Retail's strategic direction and operational achievements to investors and stakeholders.

Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend will be payable on June 17, 2024, to stockholders of record as of May 31, 2024. Qurate Retail, a Fortune 500 company, operates six major retail brands, including QVC and HSN, and is a leader in video commerce, reaching over 200 million homes globally through various platforms.

Qurate Retail Group celebrates 10 years of partnership with World Vision, a humanitarian organization. Through this collaboration, Qurate has donated 30,000 pallets of products valued at $60 million, reaching hundreds of thousands of people in 35 countries. In the U.S., donations have impacted communities across 29 states. Additionally, Qurate supports the Women's Empowerment Fund via monetary contributions, aiding financial literacy and economic empowerment in poor communities. This initiative reflects Qurate's commitment to corporate philanthropy, product donations, and volunteerism.

Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) will host its virtual Annual Meeting of Stockholders on June 10, 2024, at 9:00 a.m. M.T. Stockholders of record as of April 16, 2024, can participate by logging in at www.virtualshareholdermeeting.com/QRI2024 using their 16-digit control number. The meeting will allow stockholders to listen, vote, and ask questions. Technical support will be available 10 minutes before the meeting. An archive of the webcast will be accessible on the Qurate Retail website after SEC filings. Qurate Retail, a Fortune 500 company, includes six leading retail brands and is the largest player in video commerce, reaching over 200 million homes worldwide through various platforms.

Qurate Retail, Inc. reported a 4% decrease in revenue for the first quarter of 2024 but saw improved gross margins, a 40% growth in Adjusted OIBDA, and increased free cash flow. The company is focused on cost reduction, product margin improvement, and brand partnerships. Despite challenges in revenue, the company is on track with its transformation initiatives and aims for sustainable growth.

QVC has signed multi-year contract extensions with SES in Germany and the UK to continue broadcasting multiple HD and SD channels. The partnerships secure capacity on SES's prime neighbourhoods, ensuring a high-quality in-home shopping experience for viewers in key European markets. The extensions highlight the important role of satellite distribution for direct-to-home TV services and underline SES's position as a trusted partner for leading media and entertainment providers.