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PTON / Peloton to shutter Tonic Fitness, as it exits all owned-manufacturing operations

Peloton to shutter Tonic Fitness, as it exits all owned-manufacturing operations
Shares of Peloton Interactive Inc. PTON, -12.63% fell 1.4% into record-low territory in premarket trading Tuesday, after the at-home fitness company said it was suspending operations at Tonic Fitness Technology Inc., the Taiwan-based manufacturing company it bought in October 2019 for $47.4 million. The move was as part of Peloton's plan to exit all owned-manufacturing operations while expanding its partnership with Taiwan-based manufacturer Rexon Industrial Corp. The company said the shift was a "natural progression" in its strategy to simplify its supply chain. Read More
Posted: Jul 12 2022, 06:44
Author Name: Market Watch
Views: 102237

PTON News  

Peloton Faces Uphill Ride As It Sweats On Widening Quarterly Losses

By Forbes
November 2, 2023

Peloton Faces Uphill Ride As It Sweats On Widening Quarterly Losses

No-one can accuse Peloton's boss of not sweating the asset, but as the connected fitness brand reported quarterly losses it also warned of a tough hol more_horizontal

Peloton Interactive, Inc. (PTON) Q1 2024 Earnings Call Transcript

By Seeking Alpha
November 2, 2023

Peloton Interactive, Inc. (PTON) Q1 2024 Earnings Call Transcript

Peloton Interactive, Inc. (NASDAQ:PTON ) Q1 2024 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Peter Stabler - Head of IR more_horizontal

Peloton CEO cites, 'bad news,' on paid subscriptions

By Yahoo Finance
November 2, 2023

Peloton CEO cites, 'bad news,' on paid subscriptions

Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio manag more_horizontal

Peloton (PTON) Reports Q1 Loss, Tops Revenue Estimates

By Zacks Investment Research
November 2, 2023

Peloton (PTON) Reports Q1 Loss, Tops Revenue Estimates

Peloton (PTON) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $0.7 more_horizontal

Wider-than-expected losses see Peloton stock price dip in pre-market

By Invezz
November 2, 2023

Wider-than-expected losses see Peloton stock price dip in pre-market

Peloton Interactive Inc (NASDAQ: PTON), the connected fitness company known for its high-end exercise equipment, faced a disappointing start to its fi more_horizontal

Peloton's stock sinks as earnings outlook fails to impress

By Market Watch
November 2, 2023

Peloton's stock sinks as earnings outlook fails to impress

Peloton Interactive Inc. shares were sliding about 9% in Thursday's premarket action after the maker of connected exercise equipment showed financial more_horizontal

Peloton shares plunge on wider-than-expected loss, tepid holiday forecast

By CNBC
November 2, 2023

Peloton shares plunge on wider-than-expected loss, tepid holiday forecast

Peloton has been working to boost its membership numbers through a series of partnerships and posted higher than expected revenue on Thursday. more_horizontal

Factors Setting the Tone for Peloton's (PTON) Q1 Earnings

By Zacks Investment Research
October 31, 2023

Factors Setting the Tone for Peloton's (PTON) Q1 Earnings

A seasonal slowdown in hardware sales and reduced consumer spending are likely to affect Peloton's (PTON) first-quarter fiscal 2024 performance. more_horizontal


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