Peloton Interactive Takes Steps to Accelerate Brand Reach; Q4 Loss Shrinks
Roadblocks, namely costs associated with a bike seat recall and a separate legal settlement, detracted from Peloton Interactive’s financial recovery in its fiscal Q4 under CEO Barry McCarthy. But the company is continuing to implement new initiatives aimed at sales and profitability growth and attracting a wider base of younger, fitness-focused consumers in the months ahead. McCarthy said that after stabilizing PTON’s financial performance, the next 12 months would focus on restoring Peloton’s growth, remaining resolute in his optimism about the company’s prospects in the quarters ahead. McCarthy envisions reaching a ... Log in to view full article.