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1 Warning Sign in Peloton's Earnings

TheMotleyFool

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Unsurprisingly, Peloton Interactive (NASDAQ: PTON) was one of the biggest winners during the most restrictive phases of pandemic. The maker of highly sought-after and innovative fitness equipment was growing rapidly before 2020, but last year's stay-at-home orders boosted the company's prospects.

Peloton reported its latest quarterly numbers last week to a disappointed investor reaction, as the stock shed almost 9% of its value following the news. This consumer discretionary business missed earnings expectations and provided soft revenue guidance for the current quarter.

What caught my attention, though, was a strategic move by management that could have serious implications for Peloton's long-term outlook.

Source Fool.com

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