The at-home fitness company disclosed other unwelcome news in its earnings report late Thursday, including that it’s cutting the price of its most popular bike, a move aimed at broadening its customer base but one that will also hurt its bottom line this year. Peloton also said it found a problem with the way it accounts for inventory.
Peleton CEO John Foley discusses fourth-quarter results on Bloomberg TV.
(Source: Bloomberg)
And on Friday, the company disclosed in a securities filing that it has been