QVC Group Bonds Tumble After Double-Digit Revenue Slump

QVC Group Inc.’s bond prices fell sharply on Thursday in the high-yield market after reporting a 10% revenue decline and a net loss after turning a profit in the year-ago quarter.

• The company’s pair of 6.875% bonds due 2029 fell 22.74 cents and 22 cents on the dollar to 40.5 cents and 40.25 cents, respectively, as of 9:56 a.m. in New York, according to Trace
• QVC’s 5.45% bonds due 2034 fell 17.25 cents on the dollar to 32.5 cents
  • The firm’s 5.95% bonds due 2043 bonds dropped 10.94 cents on the dollar to 32.5 cents
• “While the impacts are ...