This probably falls under “good problems” in the grand scheme of things. After another record quarter, the peloton has announced that it will invest more than $ 100 million in air and ocean freight deliveries due to “a longer acceptable waiting time for delivery of our products”.
The fitness company is among the tech firms that have seen tremendous growth in interest amid the epidemic. In fact, it seems that these days the chancellor cannot afford to hurry home fitness solutions to appease his interest. 2020 was a banner year for a home workout solution, with Mirror’s acquisition of $ 500 million of mirrors on Apple and Samsung’s new platforms.
Overall, the peloton pulled in $ 1.06 billion Revenue last quarter, More than 200% increase, marking year on year. The numbers beat Wall Street expectations and are showing no signs of slowing, with another massive quarterly expectation for the fitness brand involved.
Market done A little bald At the time of the peloton’s entry, “while this investment will reduce our near-term profits, improving our member experience is our primary priority.” Clearly this huge expense on reducing supply bottlenecks is a long-term game.
Of course, it remains to be seen how the company’s earnings will stabilize after the epidemic. I hope something slows down for Peloton and other brands when Vaccines returns to the gym at a more Videha event. Nevertheless, home workouts – such as remote work – may well be an aspect that is also originally modified with COVID-19 in the rearview.