Beyond the chart: Earlier this month, Peloton announced it would cut jobs, close stores, and raise prices, before reporting an operating loss of $1.24 billion in its most recent quarter. To turn the page, the brand is focusing on new ways to acquire customers: Some of its equipment is now available on Amazon, marking Peloton’s first-ever retail partnership, and it recently tested selling certified pre-owned bikes in Germany and the US.
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Read yesterday’s Chart of the Day here.
Methodology: Estimates are based on the analysis of survey and traffic data from research firms and regulatory agencies, sales projections, historical trends, company-specific data, and demographic and socioeconomic factors.