Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
Publishing timestamp: 2024-11-01 08:49:29
Summary
Peloton's fiscal first-quarter results beat expectations, but the company posted a weaker-than-expected holiday forecast. Despite progress in generating free cash flow and edging closer to profitability, Peloton is expecting to lose more members and sell fewer bikes and treadmills during the holiday quarter. The stock rose more than 25% after the announcement of new CEO. Peloton also raised its full-year adjusted EBITDA guidance and is focusing on cost-cutting measures to improve unit economics.
Sentiment: MIXED
Tickers: PTON,
Keywords: breaking news: business, peloton interactive inc, breaking news: earnings, earnings, business news, business, retail industry,
Source: https://www.cnbc.com/2024/10/31/peloton-pton-q1-2025-earnings.html