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Peloton pays up to step up shipments, faces further challenges ahead

Cons. Discr. - Durables 434 Earnings 626 Info Tech - Tech Hardware 712 Quote Watch 395 U.S. 5074

Peloton reported FQ3’21 (to March 31) revenues which climbed 140.6% year over year. The firm is still facing shipping challenges, though a 952.8% year over year jump in U.S. seaborne imports linked to the firm in Q1’21 and a further 358.3% surge in April suggests they may be clearing. That’s come at a cost with CFO Jill Woodworth noting the firm faced “outsized onetime shipping investments to reduce our order to delivery time frame” and that they will “incur logistics costs to pick up returned Treads and Tread +” following a safety recall. Other fitness brands have been seeing outsized g...

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