Declaring victory in cardio with its exercise bikes and treadmills, Peloton will focus product development on strength and full-body workouts, it told the Goldman Sachs Communacopia Conference. Fiscal 2022 will be an “investment year,” while PTON continues to roll out its existing hardware, but also promised a big year for new product releases, as well as investments in marketing, supply chain, and IT. It is forecasting an adjusted EBITDA loss of $325 million for the year, which ends next June, but promised a profit in fiscal 2023.

On the marketing front, consumer awareness of Peloton’s treadmills is much lower than it ... Log in to view full article.