Peloton posts bullish holiday forecast, betting that shoppers will spend big on new product lineup
Peloton on Thursday posted its second profitable quarter in a row as it released strong guidance for the crucial holiday shopping season, banking on its relaunched product assortment to drive growth. The connected fitness company posted a surprise net income of 900,000 a year earlier. For the current quarter, Peloton's strongest for hardware sales, the company is expecting revenue to be between 685 million, a slight ...