QVC INC 8K

QVC, Inc. filed its May 2026 Chapter 11 Monthly Operating Report, showing continued operations with significant leverage, negative equity, and reliance on court-approved DIP financing during its ongoing bankruptcy proceedings.

The Form 8-K furnishes QVC, Inc.’s U.S. Trustee Form 11-Monthly Operating Report for its Chapter 11 proceedings for the period May 1–31, 2026, in the jointly administered bankruptcy cases of QVC Group, Inc. and affiliates pending in the U.S. Bankruptcy Court for the Southern District of Texas. The report, signed by CFO and Chief Administrative Officer Bill Wafford and submitted with explanatory global notes, provides preliminary, unaudited information on QVC, Inc.’s cash receipts and disbursements, balance sheet, income statement, postpetition payables and taxes, and professional fees. As of May 31, 2026, QVC, Inc. reports approximately $330.1 million of cash, total assets of about $2.14 billion, total liabilities of about $2.99 billion, and negative equity of approximately $847.7 million, with prepetition secured debt of about $5.05 billion and total postpetition debt of about $282.7 million. For the month, QVC, Inc. generated roughly $300.4 million of net sales, $115.9 million of gross profit, and a net profit of about $9.4 million for the period (but a cumulative Chapter 11 loss of about $25.2 million), while maintaining 12,500 full-time employees and confirming that it is current on postpetition tax filings, operating under court-approved first-day orders, and borrowing under a $300 million DIP letter of credit facility.

Filing Facts

CIK

1254699

Ticker

-

Form

8K

Source Type

sec

Accession

0001254699-26-000015

Alert Tier

8