Why Is Everyone Talking About Peloton Stock?
How the mighty have fallen. The once high-flying face of the booming at-home fitness market, Peloton Interactive (NASDAQ: PTON), has come back down to earth.
The economic reopening and increase in consumer mobility have combined to be a major headwind for the business. Fiscal 2022 first-quarter sales of $805.2 million and a loss per share of $1.25 in the most recent quarter both disappointed Wall Street. Weak guidance made matters worse.
Peloton's stock has crashed more than 40% since the earnings announcement on Nov. 4, and in 2021, the consumer discretionary company has shed nearly 70% of its value. Shareholders need to know what's going on.
Source Fool.com
