Revenue gains continued in the first quarter of 2022 at a solid, 7% pace to $47,051.7 million from $44,117.4 million, but rising costs in all sectors sent the aggregate bottom line down 28% to $3,323.0 million from $4,636.9 million at the basket of industry companies we track. Every group saw profits decline, and total return on sales dropped to 7.1% from 10.5% last year. Of the 51 companies listed, 45 turned a profit, down from 46 a year ago. While the profitability headwinds were widespread, it is worth noting that Peloton’s enormous loss accounted for more than half the total ... Log in to view full article.