Peloton’s Q1 2022 Earnings: An Exercise in Futility?
New York-headquartered fitness equipment maker Peloton Interactive was a lockdown-era darling as the home-fitness trend of 2020 gained traction. However, $PTON stock investors were in need of a positive catalyst after lockdowns were lifted… and after Peloton posted a net earnings loss of $313.2 million in Q4 2021 and an even deeper loss of $376 million during the company’s fiscal first quarter. 😬
Down 28% after an already bruising prior-day 10% loss, $PTON stock wasn’t off to a good start. This might seem irrational as Peloton posted 29% year-over-year membership increase. 🤔