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Peloton will face investors one day after it recalled thousands of treadmills. Here are the top questions executives will face

1 month ago   |   By Business Insider

Summary List Placement Peloton recalled more than 125,000 treadmills on Wednesday, sending the company's stock price plummeting .
On Thursday, executives will face questions from analysts and investors who will likely be looking to assess the long-term ramifications of the recall and its impact on Peloton's bottom line.
CEO John Foley and other leaders will likely be grilled on the $4,295 product's future, other forthcoming products, and the recall's impact on Peloton's reputation in the fitness industry.
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Peloton's dragging its feet on the treadmill recall exposes larger safety issues - but some experts say the multi-billion dollar company will emerge unscathed

Peloton's dragging its feet on the treadmill recall exposes larger safety issues - but some experts say the multi-billion dollar company will emerge unscathed

1 month ago   |   By Business Insider

Summary List Placement Peloton is facing its second major recall in less than a year.
The company issued a voluntary recall of all treadmill models on Wednesday, after a child was fatally injured and the US Consumer Product Safety Commission found 38 other individuals were harmed in incidents involving Tread+ machines.
In a statement, Peloton said that customers who have purchased a treadmill should "immediately stop using it and contact Peloton for a full refund or other qualified remedy." Shares of the company fell by nearly 15% by the end of trading.
On Wednesday, Peloton CEO John Foley...
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