Has Peloton Interactive (NASDAQ: PTON) finally reset itself? The connected fitness superstar exploded well beyond its capabilities at the beginning of the pandemic and then seemed to implode as it made strategic moves that failed to anticipate consumer demand. It's been a year since the company brought in a new and experienced CEO to get back on track, and Peloton looks a lot different than in the heady days of lockdowns. 

In the 2023 second-quarter recent report, CEO Barry McCarthy said, "If you've been wondering whether or not Peloton can make an epic comeback, this quarter's results show the changes we're making are working." Peloton is demonstrating progress. But can it make this "epic comeback?" 

Peloton's problems started because it grew too quickly to meet demand, and then it was left with a huge inventory of expensive stationary bikes and treadmills, as well as factories and warehouses, as demand curtailed when gyms reopened. That's been exacerbated by inflation as costs are rising and people are cutting back on luxury goods. 

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Source Fool.com