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Qurate Retail Group Inc (DE:LB3A)
FRANKFURT:LB3A
Holding DE:LB3A?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.29Last Year’s EPS
-0.67Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -32.27%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong adjusted OIBDA growth and successful customer engagement strategies, but was overshadowed by revenue decline, significant macroeconomic challenges, and pressures in the Cornerstone segment. Despite new customer growth and effective cost management, the impact of external events led to considerable business challenges.Company Guidance
During the Qurate Retail Inc. 2024 Q3 earnings call, the company highlighted numerous key metrics and challenges faced in the quarter. Adjusted OIBDA increased by 19%, although it was a challenging quarter due to macroeconomic factors and significant viewership impacts from events like the Olympics and political conventions. Revenue declined primarily due to lower U.S. unit volume, with QxH experiencing a 4% decrease in total TV minutes viewed. The company maintained a flat gross margin through disciplined cost management, reducing operating expenses by $11 million and SG&A by $10 million year-over-year. Despite these efforts, the adjusted OIBDA margin contracted by 80 basis points due to 125 basis points of sales deleverage. Cornerstone Brands, contributing 11% to total company revenue and just 2% of adjusted OIBDA, significantly impacted the overall financial results due to a challenging housing market. The customer count at QxH declined 5%, with existing customers decreasing by 6% and reactivated customers by 1%, although new customers increased by 2% for the fifth consecutive quarter. The streaming business saw double-digit growth in revenue, total minutes viewed, and monthly average users in Q3.Adjusted OIBDA Growth
Adjusted OIBDA increased by 19%, showcasing effective cost management and operational efficiency despite challenging conditions.
New Customer Growth
New customers increased by 2%, marking the fifth consecutive quarter of new customer growth.
Engagement with Best Customers
Best customers spent an average of $3,960, up 4% year-on-year, and purchased 76 items, demonstrating strong customer loyalty.
Successful Celebrity Partnerships
Partnerships with Kevin Hart and Coldplay led to successful product launches and events, enhancing brand appeal.
Streaming Business Momentum
Streaming business achieved double-digit growth in revenue, total minutes viewed, and monthly average users.
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DE:LB3A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:LB3A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | €0.50 | €0.46 | -8.57% |
| Aug 08, 2024 | €0.60 | €0.56 | -6.33% |
| May 08, 2024 | €0.88 | €0.83 | -5.23% |
| Feb 28, 2024 | €1.18 | €1.29 | +9.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Qurate Retail Group Inc (DE:LB3A) report earnings?
Qurate Retail Group Inc (DE:LB3A) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Qurate Retail Group Inc (DE:LB3A) earnings time?
Qurate Retail Group Inc (DE:LB3A) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Qurate Retail Group Inc stock?
The P/E ratio of Qurate Retail Group is N/A.
What is DE:LB3A EPS forecast?
DE:LB3A EPS forecast for the fiscal quarter 2024 (Q4) is 0.29.
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