BERLIN, GERMANY – MARCH 25: Peloton logo sign is displayed at the entrance on March 25, 2021 in … [+] Peloton stock posted a better-than-expected set of Q2 FY’23 results, giving investors some confidence that the turnaround plan unveiled last year is working. Peloton stock was up by 26% in Thursday’s trading following the report. While revenues fell by 30% compared with the year-ago period to $792.7 million, they came in ahead of estimates. Peloton’s net losses narrowed versus last year to $0.98 per share. Sales of connected fitness products, such as treadmills and exercise bikes, fell by about 52% versus last year to $381.4 million as the work out from home trend seen through Covid-19 continued to ease. On the other hand, the sale of subscriptions – which includes workout content plans that sync up with Peloton’s connected equipment, or work as a standalone smartphone app – rose by 22% versus last year to $411.3 million, coming in ahead of the equipment business. Apart from weakening demand in recent quarters, Peloton was weighed down by a host of other issues including bad inventory planning, and poorly timed investments into production. However, the company has been overhauling its business […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
