{"id":10218,"date":"2023-08-25T00:22:10","date_gmt":"2023-08-25T00:22:10","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/peloton-shares-drop-22-after-posting-wider-than-expected-loss-falling-sales-due-to-bike-recall-seasonality\/"},"modified":"2023-08-25T00:22:10","modified_gmt":"2023-08-25T00:22:10","slug":"peloton-shares-drop-22-after-posting-wider-than-expected-loss-falling-sales-due-to-bike-recall-seasonality","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/peloton-shares-drop-22-after-posting-wider-than-expected-loss-falling-sales-due-to-bike-recall-seasonality\/","title":{"rendered":"Peloton Shares Drop 22% After Posting Wider-Than-Expected Loss, Falling Sales Due to Bike Recall, Seasonality"},"content":{"rendered":"

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Peloton reported a wider-than-expected loss for its fourth fiscal quarter and experienced a drop in new subscribers, attributing it to the recall of its Bike seat post and seasonality. The company\u2019s net loss was $241.8 million, compared to a loss of $1.26 billion a year earlier, while sales dropped to $642.1 million from $678.7 million in the previous year. Despite beating sales expectations, Peloton\u2019s shares plummeted around 22%, but CEO Barry McCarthy expressed optimism about the company\u2019s future growth strategies, including a rebrand, new pricing tiers for its fitness app, and business-to-business initiatives.<\/p>\n<\/div>\n

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Peloton reported a wider-than-expected loss for its fourth fiscal quarter and experienced a drop in new subscribers, attributing it to the recall of its Bike […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-10218","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=10218"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10218\/revisions"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=10218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=10218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=10218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}