Due to Treadmill Recall, Peloton Expects $165M in Revenue Loss
Source: Joseph Pisani The Associated Press, globalnews.ca, May 07, 2021
Peloton said the $165 million hit to its revenue this quarter includes $105 million in missed sales of the treadmills and $50 million that will go to paying full refunds.
Peloton said Thursday that the recall of its treadmills will shrink its revenue by $165 million in the current quarter.
The company agreed on Wednesday to recall about 125,000 of its Tread+ treadmills, after refusing to do so for weeks even though the machine was linked to the death of one child and the injuries of 29 others. Peloton also agreed to stop selling the treadmills.
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