QVC INC SEC Filings

QVC Group, Inc. reports the initial beneficial ownership status of officer Bill Wafford, who serves as CFO & CAO. The statement shows no reportable transactions, equity holdings, or derivative positions for him and references an attached Power of Attorney as Exhibit 24.1.

QVC Group, Inc. reported that Ann Mather serves as a director and has submitted an initial insider ownership report on Form 3. No reportable transactions or security holdings are listed for her in this report. A remark notes that Exhibit 24.1 contains a Power of Attorney authorizing actions on her behalf.

QVC Group, Inc. identifies executive Alex Benson Wellen as a reporting officer, holding the title of President & Chief Growth Officer. This initial insider ownership report does not list any equity or derivative positions and notes an attached Exhibit 24.1 Power of Attorney.

QVC Group, Inc. reports that Aidan O'Meara, serving as Pres. QVC Group International, has filed an initial statement of beneficial ownership as an officer. The Form 3 lists no reportable transactions and no holdings entries, and notes an attached Power of Attorney as Exhibit 24.1.

QVC, Inc., operating as a debtor-in-possession, reported second-quarter 2026 net revenue of $1,765 million, down from $1,984 million a year earlier, with operating income of $62 million versus a prior-year operating loss of $2,272 million that included large impairments. Net loss attributable to the QVC, Inc. shareholder was $31 million for the quarter and $56 million for the first half of 2026.

Adjusted OIBDA declined to $152 million in the quarter and $293 million year-to-date, from $225 million and $410 million, respectively. As part of ongoing Chapter 11 proceedings begun April 16, 2026, QVC classified $5,093 million of obligations as liabilities subject to compromise and recognized $59 million of reorganization items, net. Total assets were $6,191 million and stockholder’s equity was a $645 million deficit as of June 30, 2026, partly reflecting reclassification of a related-party promissory note to additional paid-in capital. The company obtained a $300 million debtor-in-possession letter-of-credit facility and disclosed substantial doubt about its ability to continue as a going concern while it works to implement a confirmed plan of reorganization.

QVC, Inc., a debtor under Chapter 11 since April 16, 2026, reports that on July 31, 2026, it and related Company Parties filed required Monthly Operating Reports with the U.S. Bankruptcy Court for the Southern District of Texas. QVC’s report, covering June 1, 2026 to June 30, 2026, is furnished as Exhibit 99.1.

The company explains that these reports are prepared solely to comply with the Bankruptcy Code, are unaudited, not prepared under U.S. GAAP procedures, and cover a shorter period than Exchange Act reports. QVC cautions that the results are preliminary, subject to future adjustment, not necessarily indicative of full-year performance, and are furnished under Regulation FD rather than deemed “filed” for Exchange Act purposes.

QVC, Inc. reports that the U.S. Bankruptcy Court has entered a Confirmation Order approving the Second Amended Joint Prepackaged Plan of Reorganization for QVC Group, Inc. and its debtor affiliates. After expiration or waiver of any applicable stay and satisfaction or waiver of conditions precedent, the company parties intend to complete the plan transactions and emerge from chapter 11 protection.

The plan provides for reinstatement and assumption of existing indemnification obligations for directors, officers, employees and other covered parties, execution of new debt instruments, amendments to the reorganized company’s charter and bylaws, and deemed assumption of most executory contracts and unexpired leases, subject to limited exceptions.

As of June 30, 2026, QVC Group, Inc. had 7,911,869 Series A common shares, 182,233 Series B common shares and 12,723,158 8.0% Series A preferred shares outstanding; on the Effective Date, all such equity interests will be cancelled for no consideration. After the plan transactions, 50,000,000 shares of common stock of Reorganized QVC are expected to be outstanding. QVC cautions that trading in its securities is highly speculative, that existing QVC Notes and LINTA Notes will be cancelled in exchange for plan distributions that may be below principal, and that it expects current equity holders to receive no distributions in the chapter 11 cases.

QVC, Inc., a debtor in Chapter 11 in the Southern District of Texas, furnished its May 2026 Monthly Operating Report. For the month, cash began at $338,095,102, with $325,798,076 of receipts and $333,796,404 of disbursements, ending at $330,096,773.

The May income statement shows gross income/sales of $300,363,198 and net income of $9,350,658 for the month, while cumulative profit (loss) was $-25,248,106. As of May 31, 2026, total assets were $2,143,909,783, total liabilities (debt) were $2,991,577,355, and ending equity/net worth was $-847,667,572. QVC, Inc. reported 12,500 full-time employees both currently and as of the order-for-relief date.

The accompanying notes emphasize that these Monthly Operating Reports are unaudited, prepared solely to meet Bankruptcy Code requirements, and may be materially adjusted. Disclosures also describe a $300 million DIP LC Facility for which QVC, Inc. is the borrower, and a press release noting that the Bankruptcy Court confirmed QVC Group, Inc.’s comprehensive, prepackaged financial restructuring plan.

QVC, Inc. has furnished a monthly operating report tied to its ongoing Chapter 11 proceedings. The report covers the company’s financial condition and operations from April 16, 2026 (the petition date) through April 30, 2026 and is attached as Exhibit 99.1.

The company explains that these Monthly Operating Reports are required under the Bankruptcy Code, are unaudited, were prepared solely for bankruptcy compliance, and cover a shorter, non-standard period. QVC cautions that the information may be adjusted, may not reflect consolidated results, and should not be relied on as a basis for investment decisions.