Peleton, a maker of high-end exercise equipment, says it cut approximately 500 jobs, or about 12% of its workforce.
and Dick’s Sporting Goods., Peloton lost $1.24 billion, stung by restructuring and other charges. Revenue dropped from $936.9 million to $678.7 million. Its annual loss for the fiscal year totaled $2.8 billion.
Peloton shares added 34 cents to $8.83 Thursday. The stock is down about 75% since the start of the year. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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