This is an excerpt from Monday’s (2/8) Point of Sale retail supply chain newsletter sponsored by ArcBest.
Peloton (NASDAQ: PTON) reported stellar earnings last week, growing sales 128% sequentially to surpass more than $1 billion for the first time. Peloton turned a profit for the third consecutive quarter, reporting net income of $63.6 million, compared with a loss of $55.4 million a year ago. Why then did the stock sell off ~8%?
Because Peloton’s supply chain is broken, its customers are...
https://www.freightwaves.com/news/pelotons-supply-chain-is-broken-(and-$100m-won