Peloton Q4 Earnings Preview: Did Reopening Hurt Sales?
Interactive exercise equipment maker Peloton (NASDAQ: PTON) is set to report fiscal fourth-quarter earnings on Thursday, Aug. 26. In 2020, the company was a prime beneficiary of economic lockdowns as fitness centers were forced to temporarily close their doors at various points and people looked for other exercising options.
As economies are reopening and consumers have more options on where to exercise, there is concern it could negatively affect Peloton's sales. Still, the reopening of economies does not mean the risk of contracting COVID-19 has gone away. The rise of the delta variant is keeping that risk around. It could also be keeping some people from returning to gyms.
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Source Fool.com
