Qurate Retail, Inc. (NASDAQ:QRTEA) Q4 2024 Earnings Call Transcript

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Qurate Retail, Inc. (NASDAQ:QRTEA) Q4 2024 Earnings Call Transcript

^{Published on 2025-03-01 17:41:04 - MSN}

Q4 2024 Earnings Call Transcript February 27, 2025 Qurate Retail, Inc. misses on earnings expectations. Reported EPS is $ EPS, expectations were $0.31. Operator: Welcome to the QVC Group 2024 Q4 Earnings Call.

The Qurate Retail Inc. (NASDAQ: QRTEA) Q4 2024 Earnings Call Transcript details the company's financial performance for the fourth quarter ending December 31, 2023. Key points include a year-over-year revenue decrease of 4.3% to $3.1 billion, attributed to declines in the QxH and QVC International segments, although this was partially offset by growth in Cornerstone. Adjusted OIBDA was reported at $279 million, down from $338 million the previous year, reflecting lower product margins and increased operational costs. The company highlighted strategic initiatives like enhancing customer experience through better product curation, digital transformation, and cost management. Additionally, Qurate Retail discussed the impact of economic conditions, including inflation, on consumer behavior, and outlined plans for future growth through innovation in product offerings and marketing strategies. The call also touched on the company's efforts to streamline operations and improve financial flexibility amidst a challenging retail environment.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/qurate-retail-inc-nasdaq-qrtea-q4-2024-earnings-call-transcript/ar-AA1A2Hxr ]

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Qurate Retail, Inc. (NASDAQ:QRTEA) Q4 2024 Earnings Call Transcript