All Peloton Interactive articles – Page 2

Article

Peloton’s co-founders Foley and Kushi step down

2022-09-13T04:29:00Z

Peloton Interactive announced that it has accepted the resignations of John Foley as executive chair and Hisao Kushi as chief legal officer, effective Sep. 12, 2022, and Oct. 3, 2022, respectively. Foley co-founded Peloton in 2012 and has built the company into a global interactive fitness platform. After previously serving ...

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Peloton Interactive faces federal fines over treadmill recall

2022-09-08T10:10:00Z

Peloton Interactive is facing civil monetary penalties in the United States over its May 2021 recalls of its Tread+ and Tread treadmills, it disclosed in its annual report filing yesterday. Last month, Peloton, working to improve its fortunes after numerous missteps, was informed by the U.S. Consumer Product Safety Commission ...

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Peloton with delayed annual report

2022-08-31T14:29:00Z

Peloton Interactive will need up to 15 additional days to file its 10-K report for the fiscal year ended June 30, which was due Aug. 29, according to a filing with the U.S. Securities and Exchange Commission (SEC). The reason given is that the company is still calculating the impairment ...

Article

Peloton Interactive posts $1.24 billion Q4 loss

2022-08-26T06:33:00Z

Peloton Interactive’s CEO Barry McCarthy, in his quarterly shareholder letter, compared the interactive fitness company to a cargo ship like one he worked on as a high schooler, but perhaps he should have considered a cruise ship comparison given the company’s needs to attract more younger, female and value-oriented customers ...

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Peloton Interactive partners with Amazon

2022-08-25T07:15:00Z

Peloton Interactive, weeks after announcing 800 layoffs and on the eve of its fourth-quarter earnings release, has a new distribution deal in place for its bike, guide, select accessories and apparel with Amazon in the U.S. News of the Peloton-Amazon partnership sent shares in the interactive fitness company up 18.5 ...

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More job cuts coming to Peloton Interactive

2022-08-16T06:47:00Z

Peloton Interactive, slated to report fourth-quarter results on Aug. 25, will reportedly slash its customer support team based in Plano, Texas and Tempe, Arizona in half, eliminating nearly 800 positions, and outsource its “final-mile delivery” to third-party providers. The action, as first reported late last week by Bloomberg and the ...