Peloton says recall will reduce revenue by $165 million
[ad_1] (Bloomberg)—Peloton Interactive Inc. projected revenue of $915 million in the current quarter, saying the recall of its treadmills would reduce sales by about $165 million. Shares gained about 5% in extended trading after investors had prepared for a larger blow. CEO John Foley said the financial impact would be “short term” from the halt […]
Peloton says recall will reduce revenue by $165 million Read More »