Peloton Executive Says Expect Softness In Connective Fitness Hardware Demand For Next Few Quarters
Portfolio Pulse from Benzinga Newsdesk
Peloton executives have indicated that they expect a decline in demand for their connected fitness hardware over the next few quarters, as discussed in a recent conference call.
August 22, 2024 | 1:05 pm
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Peloton executives have forecasted a decrease in demand for their connected fitness hardware in the upcoming quarters, which could impact the company's revenue and stock performance.
The announcement of expected softness in demand for Peloton's connected fitness hardware suggests potential challenges in revenue growth, which could negatively impact the stock price in the short term. This is a significant concern for investors as hardware sales are a key revenue driver for Peloton.
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