Latest News

Peloton Sales Boom Again As Cases Go Up

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. Samira H. 
Read more
By Samira Hassanzadeh on October 19, 2021

Peloton's Huge Sales in Fitness Equipment

Peloton’s fiscal fourth-quarter sales rose in a considerable amount, 172%, due to a jump in applying treadmills and bikes. While the lockdown is practiced in many places across the world, people have resorted to home workout facilities. The company predicts a remarkable future for 2021 as well. This is while there is no balance between supply and demand as recent demands for indoors fitness equipment has seen an incredible upsurge. It is expected that the company can’t get back to its normal way of order and delivery until the end of the second quarter. According to Peloton, the recent quarter saw over 1.09 million connected fitness subscribers, which is up 113% compared to a year ago. Overall, there’s some 3.1 million customers. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Newsletter

Enter your email address below to subscribe to our newsletter and keep up to date with the latest news, discounts and special offers.

Latest Comments