Tag: Leisure Products

Peloton told investors Thursday it still has a “steep hill to climb” to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco.

Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reins in costs and looks to improve the unit economics behind its hardware, it said Thursday.

Peloton’s stationary bikes will soon sell at Costco’s stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday.

Shares of Vista Outdoor rose after the company reached a deal to sell its two business lines for $3.35 billion, potentially concluding a lengthy back-and-forth with potential bidders this year.

Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses.

Vista Outdoor disclosed a more than $2 billion offer for its sporting-goods business, the latest development in the continuing bidding war and rejected MNC Capital’s latest proposal.

Vista Outdoor once again rejected a bid from MNC Capital and further recommended a deal between Vista and Czechoslovak Group.

Peloton shares plunged on Monday after the connected fitness company said it is launching a “global refinancing,” as it looks to stave off a cash crunch amid falling sales. 

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. 

Vista Outdoor Inc.’s stock fell slightly early Monday, after the maker of sports and outdoor products including ammunition said its board has rejected an unsolicited bid from MNC Capital offering to acquire the company for $35 a share in cash.

Peloton is partnering with TikTok to bring short-form fitness videos and other content to the social media channel.

Peloton and Lululemon announced a five-year strategic partnership.

Peloton Interactive   stock was sinking Wednesday after the at-home fitness company saw a drop in subscribers during its fiscal fourth quarter and provided a disappointing outlook for its first quarter.