QVC Group, Inc. 1Q 2026: Revenue $1.96B, EPS ($5.79) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.QVC Group, Inc. reported Q1 2026 revenue of $1.96B, down 7% from $2.11B a year prior, with a net loss of $47M and diluted EPS of ($5.79), an improvement from the previous year's loss of $100M and EPS of ($12.5). The decline was attributed to lower units shipped, while the company is focusing on digital strategies and operational consolidation.
QVC Group, Inc. reported first-quarter 2026 results with total revenue of $1.96B, down from $2.11B a year earlier, and a net loss attributable to shareholders of ($47M), or diluted EPS of ($5.79), improving versus a ($100M) loss and ($12.5) per share in the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $1.96B | $2.11B | (7%) |
| Net income² | ($47M) | ($100M) | 53% |
| Diluted EPS³ | ($5.79) | ($12.5) | 53.7% |
¹ Reported as “Total revenue, net”. ² Reported as “Net earnings (loss) attributable to QVC Group, Inc. shareholders”. ³ Reported as “Basic and diluted net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share”.
Business Highlights
- Revenue declined about 7% year-over-year in Q1 2026, driven by lower units shipped across U.S. and international channels.
- Company is accelerating its WIN strategy, prioritizing digital, social and streaming platforms and increasing marketing spend to grow online audiences.
- Operational consolidation continued: QVC and HSN operations moved to Studio Park, the St. Petersburg campus was closed, and remaining asset sales are targeted by end of 2026.
- QVC International remained steady while CBI experienced a modest decline as higher average selling prices partially offset lower unit demand in the home category.
- Management completed reorganization and production optimization under WIN, incurring restructuring and pre-petition professional charges while reducing certain personnel costs.
Original SEC Filing: QVC Group, Inc. [ QVCPQ ] - 10-Q - May. 15, 2026