Company profile

Ticker
QVCD, QVCC
Exchange
Employees
Incorporated
Fiscal year end
SEC CIK

Calendar

5 Nov 20
27 Nov 20
31 Dec 20

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from QVC earnings reports.

Financial report summary

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Competition
iMedia BrandsBidz.comHSN
Risks
  • The retail business environment is subject to intense competition, and we may not be able to effectively compete for customers
  • Our net revenue and operating results depend on our ability to predict or respond to consumer preferences
  • Management’s efforts to realize the anticipated synergies from Qurate Retail’s acquisitions of HSN and Zulily may divert management’s time and attention and other resources from QVC’s business
  • Our long-term success depends in large part on our continued ability to attract new customers and retain existing customers and we may not be able to do that in a cost-effective manner
  • Weak economic conditions worldwide may reduce consumer demand for our products and services
  • We depend on the television distributors that carry our programming and no assurance can be given that we will be able to maintain and renew our affiliation agreements on favorable terms or at all
  • The failure to maintain suitable placement for our programming or to adapt to changes in consumer behavior driven by online video distribution platforms for viewing content could adversely affect our ability to attract and retain television viewers and could result in a decrease in revenue
  • Our Ecommerce business could be negatively affected by changes in third-party digital platform algorithms and dynamics as well as our inability to monetize the resulting web traffic
  • Our Ecommerce business may experience difficulty in the ongoing development, implementation and customer acceptance of, applications for personal electronic devices, which could harm our business
  • Our business is subject to online security risks, including security breaches and identity theft
  • System interruption and the lack of integration and redundancy in these systems and infrastructures may adversely affect our ability to transmit our television programs, operate websites, process and fulfill transactions, respond to customer inquiries and generally maintain cost-efficient operations
  • We may be subject to claims for representations made in connection with the sale and promotion of merchandise or for harm experienced by customers who purchase merchandise from us
  • Failure to comply with existing laws, rules and regulations, or to obtain and maintain required licenses and rights, could subject us to additional liabilities
  • The processing, storage, sharing, use, disclosure and protection of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements or differing views of personal privacy rights
  • We may fail to adequately protect our intellectual property rights or may be accused of infringing intellectual property rights of third parties
  • We have operations outside of the U.S. that are subject to numerous operational and financial risks
  • Significant developments stemming from the negotiation of trade agreements or the Brexit vote could have a material adverse effect on us
  • We rely on distribution facilities to operate our business, and any damage to one of these facilities, or any disruptions caused by incorporating new facilities into our operations, could have a material adverse impact on our business
  • We rely on independent shipping companies to deliver the products we sell
  • We depend on relationships with vendors, manufacturers and other third parties, and any adverse changes in these relationships could result in a failure to meet customer expectations which could result in lost revenue
  • Natural disasters, public health crises, political crises, and other catastrophic events or other events outside of our control may damage our facilities or the facilities of third parties on which we depend, and could impact consumer spending
  • The unanticipated loss of certain larger vendors or the consolidation of our vendors could negatively impact our sales and profitability on a short term basis
  • We face significant inventory risk
  • The seasonality of our business places increased strain on our operations
  • We offer our installment payment option on most of our merchandise and, in certain circumstances, offer it as the default payment option. Failure to effectively manage our installment sales plans and revolving credit card programs could negatively impact our results of operations
  • Our success depends in large part on our ability to recruit and retain key employees capable of executing our unique business model
  • We have not voluntarily implemented various corporate governance measures, in the absence of which you may have more limited protections against interested transactions, conflicts of interest and similar matters
  • The interests of our stockholder may not coincide with your interests and our stockholder may make decisions with which you may disagree
  • We have identified a material weakness in our internal control over financial reporting, that, if not properly remediated, could adversely affect our business and results of operations.
  • We have a substantial amount of indebtedness, which could adversely affect our financial position and prevent us from fulfilling our debt obligations
  • Our level of indebtedness could limit our flexibility in responding to current market conditions, adversely affect our financial position, prevent us from meeting our obligations under our debt instruments or otherwise restrict our business activities
  • We may not be able to generate sufficient cash to service our debt obligations
  • We may need to refinance our indebtedness.
  • Despite our current level of indebtedness, we may still incur substantially more indebtedness. This could exacerbate the risks associated with our existing indebtedness
  • Covenants in our debt agreements restrict our business in many ways
  • Our ability to pay dividends or make other restricted payments to Qurate Retail is subject to limited restrictions
Management Discussion
  • QVC's consolidated net revenue increased 7.9% and 4.4% for the three and nine months ended September 30, 2020, respectively, as compared to the corresponding periods in the prior year. The three month increase in net revenue is primarily due to a 6.6% increase in units shipped, a $45 million decrease in estimated product returns, primarily driven by QxH, a $27 million increase in shipping and handling revenue across all markets except Japan and $24 million in favorable foreign exchange rates, which was partially offset by a 2.8% decline in average selling price per unit ("ASP"), primarily at QxH. The nine months increase in net revenue is primarily due to a 3.4% increase in units shipped, a $105 million decrease in estimated product returns, primarily driven by QxH, a $23 million increase in shipping and handling revenue across all markets except Italy and $11 million in favorable foreign exchange rates, which was partially offset by a 1% decline in ASP.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: deadline, extinguishment, Master, notice, Preferred, premium, Promissory, QRTEP, redeem, Redeemable, redemption, release, tender
Removed: declared, flat, floating, historical, slight

Proxies

No filings