There’s a huge demand for Peloton’s sports facilities like modern exercise bicycles and treadmills due to an extended lockdown imposed after a rise in coronavirus cases.
Jill Woodworth, Chief Financial Officer at Peloton Cycle Inc., said the expansion of the pandemic has brought about positive signs in sales.
The American exercise equipment company recently announced the sales in the first quarter were beyond the expectations. Consumers have switched to home exercise equipment and streamed live courses for their comfort.
For the first time in the U.S., the cases exceeded 100,000 and restrictions tightened. Subsequent to the rise, some European countries like Germany and France have exerted confinement measures as well.