Peloton Interactive Inc - Ordinary Shares - Class A

-1.70 (-1.80%)
Other Pre-Announcement

Peloton Says Tread Is A Much Bigger Category Than Bike Has The Possibility Of Being Our Biggest Product

Published: 08/26/2021 22:11 GMT
Peloton Interactive Inc - Ordinary Shares - Class A (PTON) - Peloton Says Assuming 15% of Full Year Revenue Will Occur During Q1, Which is Below 19% in the Covid-affected Fiscal '21- Conf Call.
Peloton Says Will No Longer Guide Monthly Average Net Churn of Our Connected Fitness Subscriptions on a Quarterly Or Annual Basis After This Quarter.
Peloton Says May See Additional Pressure on Connected Fitness Margin If Costs Are Materially Worse Than Expected.
Peloton Says Continue to See Tightness in Component Supply.
Peloton Says Would Not Have Anticipated Or Intended to Be Profitable During Fiscal '21 in the Absence of Covid-19.
Peloton Says Will Bring Total Capital Spending to About $600 Million in Fiscal 2022, Expects Capital Spend to Taper Looking Out to Fiscal 2023.
Peloton Says We Have Much Better Alignment in Sales and Delivery Time Frames in Fiscal 2022.
Peloton Says Its Hard to Know for Sure If Tread Will Have an Impact on Bike Sales; Says Very Low Awareness for US in the Tread Category.
Peloton Says Tread is a Much Bigger Category Than Bike; Has the Possibility of Being Our Biggest Product.
Further Company Coverage: Ptono ((reuters.