Financial reporting

Peloton reports 141% higher sales, sees a $165m hit from product recall

2021-05-09T21:24:00

Just after announcing a recall of its connected home treadmills, Peloton Interactive reported better-than-expected sales and a smaller net loss for the third quarter ended March 31 as the demand for its stationary bikes, which represent the bulk of its business, remained strong and the company was successful in speeding ...

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