While confirming its entry into the Australian market, which is expected to coincide with the start of its 2021/22 financial year on July 1, Peloton Interactive said it plans to move into one or two additional foreign markets each year. Addressing financial analysts at the Bank of America’s Securities Global Technology Conference, the company also said that it plans to relaunch its lower-priced Tread treadmill in late July in the U.S., Canada and the U.K. in late July, after correcting a faulty screen-mounting screw. The model will play a meaningful role in the company’s performance in the next fiscal year, as the addressable market is seen as two to three times bigger than that of its interactive stationary Bike product. Deliveries of the Bike+ model have been cut to just one to three weeks, helped by a $100 million investment in is now planned to get underway at the end of this calendar year rather than in 2023.