Peloton’s earnings are even worse than expected

Market watchers were anticipating a rough quarter for Peloton, but not quite this bad. The beleaguered connected fitness company missed revenue estimates by $6 million, reporting $964.3 million – that’s down from $1.26 billion from this time last year. Losses for the quarter hit $757.1 million.
All eyes are on new CEO, Barry McCarthy, who took over for embattled cofounder, John Foley, back in February. “Turnarounds are hard work,” McCarthy wrote, opening the company’s shareholder letter on a suitably somber note. “It’s intellectually challenging, emotionally draining, physically exhausting, an

リンク元