Peloton took $182 million impairment charge last quarter as inventories piled up

A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton’s goodwill took a $ 182 million hit in its previous fiscal quarter as inventory levels ballooned and consumer demand for its bikes and treadmills waned. During the three-month … Read more

Peloton (PTON) fiscal Q3 2021 losses mount

A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventory piled up in warehouses and ate away at the company’s cash. The connected … Read more

Surprised by how deep some issues ran at the company

Barry McCarthy, chief financial officer at Spotify, attending annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images When Barry McCarthy showed up to run Peloton about three months ago, he was surprised to learn just how discombobulated the supply chain was and how quickly the … Read more

What Wall Street expects Tuesday

A woman walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | VIEW press | Corbis News | Getty Images Analysts and investors are eager to get to know Peloton Chief Executive Officer Barry McCarthy and have him articulate his vision for the company’s future. He … Read more

Peloton shares hit all-time low as pressure mounts ahead of earnings

In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton Interactive shares tumbled to an all-time low Friday as investors lose hope that the connected fitness equipment maker can turn itself around and post a profit, even under a new chief executive officer. … Read more

Peloton raises subscription fees, cuts prices for Bikes, Treads

A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton is hiking the monthly monthly fee for its on-demand fitness content for the first time ever, while it also slashes the prices of its Bike, … Read more

Hydrow raises millions as at-home fitness industry faces post-Covid reckoning

Hydrow, maker of a $ 2,500 connected rowing machine, said Thursday it has landed another $ 55 million in funding to fuel its growth while the at-home fitness industry undergoes a shakeout as consumers return to gyms after two years of Covid-related lockdowns and restrictions. The Series D round brings its total funding to date … Read more

Peloton tests new pricing model as it tries to win customers

Peloton’s new Chief Executive Barry McCarthy has only been at the helm of the connected fitness company for about a month, but he’s already testing ways to lure new customers and make the business more profitable. Peloton confirmed to CNBC that on Friday it will start to trial a new pricing system, where customers pay … Read more

Dick’s Sporting Goods (DKS) reports Q4 2021 earnings beat

Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported profits and sales growth in its holiday quarter that topped analysts’ estimates, as the company lapsed massive gains from the prior year that were fueled by … Read more

The fall of Peloton’s John Foley and the market’s big founder problem

John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, US, on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Roughly two months after Peloton’s IPO, founder John Foley appeared on … Read more