2 2,594 4 minutes read Image: Peloton
This is an excerpt from Monday’s (2/8) Point of Sale retail supply chain newsletter sponsored by ArcBest.
Peloton (NASDAQ: PTON) reported stellar earnings last week, growing sales 128% sequentially to surpass more than $1 billion for the first time. Peloton turned a profit for the third consecutive quarter, reporting net income of $63.6 million, compared with a loss of $55.4 million a year ago. Why then did the stock sell off ~8%?
Because Peloton’s supply chain is broken, its customers are pissed, and it thinks $100 million will remedy the situation.
CEO John Foley announced on the earnings call the company would invest $100 million to speed up delivery for its connected products, acknowledging continued problems with delivery delays that are stretching into months rather than weeks
Peloton Interactive, Inc (NASDAQ:PTON) - Peloton s Supply Chain Is Broken (And $100m Won t Fix It)
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| Press Release
Global $1.5 bILLION Connected Gym Equipment Market Trajectory & Analytics to 2027 with COVID-19 Impact on Production and Procurement for 2020 & 2021
ResearchAndMarkets.com s offering.
Global Connected Gym Equipment Market to Reach US$1.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Connected Gym Equipment estimated at US$255.7 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 28.3% over the analysis period 2020-2027.
Cardiovascular Training Equipment, one of the segments analyzed in the report, is projected to grow at a 29.7% CAGR to reach US$913.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Strength Training Equipment segment is readjusted to a revised 26.9% CAGR for the next 7-year period. This segment currently accounts for a 29.3% share of the global Conn
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Technavio has been monitoring the connected gym equipment market and it is poised to grow by 7.50 bn during 2020-2024, progressing at a CAGR of over 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201222005621/en/
Technavio has announced its latest market research report titled Global Connected Gym Equipment Market 2020-2024 (Graphic: Business Wire) Click Get Free sample report in minutes
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the connected gym
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