COVID broke Peloton’s supply chain – can $100M fix it?

Peloton's broken supply chain

For some companies, the COVID-19 pandemic has proven a bonanza for sales and revenue. That was true for Peloton (NASDAQ: PTON), which on Thursday announced a 128% quarter-over-quarter sales growth for its fiscal Q2 2020 and earnings per share of 18 cents versus an expected 9 cents. Revenue surpassed $1 billion, reaching $1.06 billion versus $466.3 million a year before.

But port congestion and skyrocketing sales overwhelmed the company’s supply chain. Despite the record earnings results,...

https://www.freightwaves.com/news/covid-broke-pelotons-supply-chain-can-100m-fix-it

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