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News briefsPeloton back in profit but subscribers keep falling
Revenue rose 1% to $631m and adjusted EBITDA surged 41%, but paid connected fitness subscriptions fell to 2.66 million – down 8% year-over-year.
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ArticlePeloton brings connected fitness to the gym
The US connected fitness brand launches its first gym-grade bike and treadmill, pairing Peloton content with Precor industrial hardware.
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ArticleSports brands and retailers in line for tariff refunds
A court order now extends refund rights to all importers — not just those who sued. But the government is already appealing.
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ArticlePeloton cuts 11% of staff in turnaround push
Engineering teams hit hardest as CEO Peter Stern accelerates cost-cutting ahead of quarterly earnings report.
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News briefsPeloton recalls 800,000 bikes
Peloton has recalled 800,000 bikes in North America to deal wit- seat post failures. The model in question is the original Bike, sold from 2018 to 2023. Free replacements are available.
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News briefsPeloton Interactive appoints COO
Charles Kirol is Peloton Interactive’s first Chief Operating Officer.
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PDF NewsletterSGI Europe Executive Edition: Vol 36 - 6+7
Can Elliot Hill ‘swoosh’ Nike back to the top and does the company have another Jordan in its portfolio? | Under Armour’s operating income in Q4 slipped by 81% | Intersport Voswinkel’s report of 2024, plans for growth in 2025 | XXL revenues contracted 1.8% in Q4 | Skechers delivers record annual sales in FY24 | Fenix Outdoor suffers 3.3% year-over-year sales drop | Canada Goose delivers higher operating profit, lower sales in Q3 | Columbia reports a 21% gain in operating income FY24 | Brooks Running achieved sales growth of 228% in China 2024 | H&M’s Q4 lifted 3% but many store closures are expected in 2025 | Mizuno posts record sales and 16.5% growth, fueled by soccer and lifestyle footwear | New Wave posts higher sports & leisure profits, sales in Q4 | GoPro reports another loss, cuts costs by 30% | Perfect Moment names Jane Gottschalk as new president | Goldwin’s nine-month operating profit slips | Zalando recruits five key persons, two SVP and one CFO | Melanja Korošec appointed new SVP at KJK Sports | Elan Central Europe gets a new General Manager | Shein says it conducts 2 million product safety tests annually | Peloton Interactive lifts guidance as Q2 loss narrows | After strong fiscal Q3, Deckers Brands raise full-year guidance | Nike scores mixed feedback from NFL Super Bowl ad | Stadium closes another store in its home market
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ArticlePeloton Interactive lifts guidance as Q2 loss narrows
The group, citing faster-than-expected operating expense reductions and greater confidence in full-year hardware sales, has raised its FY25 outlook for adjusted Ebitda and free cash flow.
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ArticlePeloton beats Q1 guidance, hires new president and CEO
Peloton boosts FY25 outlook as it appoints Apple veteran Peter Stern to lead in January, with Q1 showing improved margins and cash flow turnaround.
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AnalysisAnalysis: The top sporting goods industry performers by sales and profit in Q2 2024
One-third of the companies – 15 in all – reported a net loss in the reporting period closest to June 30 in Q2 2024. Find out more with our latest scorecard.