As world lockdowns propelled gross sales of its in-home train tools, Peloton Interactive had the wind at its again. The likes of Roger Federer and Rishi Sunak have been hailed as followers of its train bikes and on-line exercises and, with buyers dashing to again its formidable development plans, the American health group’s market worth soared to a peak of $49 billion in January final yr.
However occasions have modified. Lockdowns have been lifted, persons are out and about once more and Peloton, which was valued at simply over $8 billion at its preliminary public providing in 2019, is now value a little bit extra that half that. As well as, having elevated the size of its manufacturing considering that gross sales have been heading in just one path, post-pandemic demand for