Peloton Q3 Earnings Preview: 1 Key Metric You'll Want to Know
A leader in the exercise equipment market, Peloton Interactive (NASDAQ: PTON) has seen its sales grow by at least 100% a year for six consecutive years. That rate was only helped this past year by the pandemic-led temporary closures of gyms around the country. But Peloton may be facing challenges that could slow its torrid growth.
This past year, consumers made significant changes in how they spent money, buying more goods and services that can be used from home as they socially distanced to protect against the pandemic. As a result, demand for Peloton products and subscriptions to its live and recorded workout classes from professional trainers surged. As vaccinations have ramped up and more people again venture out socially, questions about continued demand for Peloton products and services arise.
That's why, when Peloton reports third-quarter results on Thursday, May 6, the one key metric you'll want to know is how many connected fitness subscriptions Peloton has. This will be a telling measure of the company's earning potential over the long run.
Source Fool.com
