Preview - Please log in to view full article.

Article Date: August 2023
Word Count: 470

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.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.