After sprinting through pandemic, Peloton hits the wall
newscatcher
2021-11-05 15:30
After sprinting through pandemic, Peloton hits the wall
SILVER SPRING, Md. (AP) — Peloton suffered its worst day as a publicly traded company Friday after telling investors that it will likely lose more money than it had expected in fiscal 2022. Peloton thrived during the pandemic, recording its first and only profitable quarters with Americans unable to hit the gym, instead setting up places to work out at home. Sales of its high-end bikes and treadmills soared, as did subscriptions for its online, interactive classes. Those sky-high sales have stalled, however, since the rollout of COVID-19 vaccines.

https://www.wowktv.com/news/u-s-world/after-sprinting-through-pandemic-peloton-hits-the-wall/

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