What caused QVCGB's earnings surprises in 2024?

QVC Group B (QVCGB) experienced a revenue surprise of -100 million for 2024, with a total revenue of $2.94 billion. The decrease in revenue can be attributed to several factors: 1. **Macroeconomic Challenges**: Qurate Retail Inc. faced mixed financial results for the second quarter of 2024, influenced by lower sales volumes, particularly at QxH and Cornerstone brands. This decline was due to inflation and a pressured housing market, which impacted demand for certain products. 2. **Consumer Behavior**: Consumers remained selective in their spending due to continued macroeconomic challenges and the impact of major events like elections and the Olympics, which likely affected QVC's sales. In summary, QVCGB's earnings surprise in 2024 was likely a result of a combination of macroeconomic challenges and consumer behavior.