Business & Finance
Peloton Gives Disappointing Outlook in Setback to Comeback Bid
Key Points
Peloton Gives Disappointing Outlook in Setback to Comeback Bid Peloton Interactive Inc. forecast revenue for the fiscal 2027 year that came in below estimates, marking the latest setback for the fitness technology company. The company said Thursday that revenue in the new fiscal year will be in the range of $2.3 billion to $2.4 billion, representing a decline of 3.9% at the midpoint. Analysts, on average, were projecting $2.44 billion for the year, according to Bloomberg-compiled estimates,...
Peloton Gives Disappointing Outlook in Setback to Comeback Bid
Peloton Interactive Inc. forecast revenue for the fiscal 2027 year that came in below estimates, marking the latest setback for the fitness technology company.
The company said Thursday that revenue in the new fiscal year will be in the range of $2.3 billion to $2.4 billion, representing a decline of 3.9% at the midpoint. Analysts, on average, were projecting $2.44 billion for the year, according to Bloomberg-compiled estimates, In the current quarter, revenue be $545 million to $565 million, trailing estimates.