CEO Barry McCarthy, in his quarterly shareholder letter, compared the interactive fitness company to a cargo ship like one he worked on as a high schooler, but perhaps he should have considered a cruise ship comparison given the company’s needs to attract more younger, female and value-oriented customers to steer into “breakeven” cash flow waters by the second half of FY23. Acknowledging that the number one priority was right sizing the business run rate, McCarthy told analysts that revenue must also return to growth, and PTON would need to reach market ... Log in to view full article.