Peloton takes financial hit from treadmill recall
May 7, 2021
Peloton has said that the recall of the company’s Tread and Tread+ treadmills will cost it about $165 million in sales and $16 million in profits in the current quarter. The home fitness brand recalled the treadmills after they were connected to the death of a child and injuries with 70 others. Peloton initially rebuffed calls by the federal government to issue a recall, a decision that it has since called a mistake.
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