Is Peloton Interactive Ready to Grow Even More?
Peloton Interactive (NASDAQ: PTON) has enjoyed surging demand as the coronavirus pandemic has prompted a boom for in-home exercise equipment. In the quarter that ended June 30, revenue soared 172% year over year to reach $607.1 million, and the company closed out the period with 3.1 million members -- up from a user base of 1.4 million in the prior-year period.
Impressive sales momentum and a business model that looks perfectly situated for the era of social distancing have translated into stellar stock performance. And the exercise innovator recently made moves that could spur more big gains for its share price.
Source Fool.com
