Peloton Interactive, Inc.


SKU: PTON Category:


Peloton Interactive, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings. Peloton’s management anticipates a noteworthy upturn in Connected Fitness’s gross margin for the upcoming quarter. This positive shift is attributed to the expected leverage of fixed costs resulting from increased unit sales in Connected Fitness. Although the overall gross margin is projected to decline seasonally, the Connected Fitness segment is poised for improvement. A slight shift in the rental mix is also anticipated, deviating from Q1 due to lower rental take rates stemming from heightened promotional activities. Despite this, the net impact is expected to be marginally higher. For the full year, the management highlights expectations of revenue growth acceleration in Q2 and Q3, along with a targeted increase in gross margins. The latter is driven by a mix shift between subscription and hardware sales, coupled with anticipated benefits from the reintroduction of Tread+. They further unveiled their “Work Out Your Way” Christmas campaign. The campaign, created in collaboration with Stink Studios, is a celebration of movement and the liberation that results from letting go of inhibitions and devoting yourself to exercise.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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