All Precor articles
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Article
Peloton Interactive disappoints despite some clear gains
Despite making some strides in Q2, Peloton Interactive did not live up to future sales expectations. The company is now forecasting a Q3 revenue range of $700 to $725 million, below average market guidance of $755.6 million and 3.2 to 6.5 percent below the year-ago quarter’s $749 million. That shortcoming ...
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News briefs
Russian market lost nearly 20% of fitness equipment suppliers
Since March 2022, almost every fifth fitness equipment supplier from Europe and the U.S. has curtailed operations in the Russian market. Currently, a large share of fitness equipment is imported to the Russian market through parallel import schemes, a study conducted by the Russian National Fitness Community (NFS) showed. For ...
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Article
Grosz appointed CEO of Precor
Peloton’s board of directors has appointed Dustin Grosz as chief executive officer of Precor, a wholly owned subsidiary of Peloton, effective immediately. Grosz had served as interim CEO since Dec. 12, 2022. He brings more than 30 years of experience in the fitness industry. He will report to Dion Camp ...
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Article
Peloton posts strongest quarter in year, but work remains
Peloton Interactive continues to make progress in its turnaround under CEO Barry McCarthy but must achieve numerous objectives in the year ahead if it wants to stay the course.
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News briefs
Peloton social impact team awarded community organization award
Peloton has been awarded the Community Builder Award by Bronx-based community development organization, the Women’s Housing and Economic Development Corporation (WHEDco) at its annual Benefit and Ballgame event. Held at the Yankee Stadium, the event celebrates the work of WHEDco and the Bronx residents they serve. Alongside The Local Initiatives ...
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News briefs
Precor has a new VP
Peloton has named former Microsoft veteran Betsy Webb, who joined the fitness company last summer, to head its Washington-based subsidiary Precor, part of Peloton Commercial. She replaces Rob Barker, who left the company last week after 27 years. He is reportedly focusing on his investment business and moving to Europe ...
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Article
Amer may reach a 13% Ebit margin on 20% higher sales, says S&P
Standard & Poor’s Global has upgraded its ratings for Amer Sports, largely echoing the positive comments made last month by Moody’s. S&P sees Amer’s growth accelerating to 20 percent in 2022 from 15 percent in 2021, followed by mid-single-digit increases in 2023 and 2024, thanks in part to investments in ...
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News briefs
Peloton completes the acquisition of Precor
Peloton Interactive has completed its acquisition of Precor, the American producer of fitness equipment that was part of Amer Sports until the Anta-led consortium agreed to divest it last December for a price of $420 million in cash, with adjustments for working capital, transaction expenses, cash and debt. In announcing ...
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News briefs
Peloton wants Mad Dogg’s Spinning trademarks cancelled
Complaining that Mad Dogg Athletics has been “abusively enforcing” the trademarks it registered in the U.S. for Spin and Spinning, Peloton has asked the Trademark and Appeal Board of the U.S. Patent & Trademark Office (USPTO) to cancel them. Peloton argues that the terms are generic and complains that Mad ...
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Article
Peloton prepares to acquire Precor
Peloton Interactive has entered into an agreement to acquire Precor, the American producer of fitness equipment products, for $420 million. Precor, which last reported a turnover of close to $450 million in 2018, is a unit of Amer Sports, which has been taken over by a consortium that includes Anta ...