Despite a highly unstable economy, Peloton cannot keep its $2,245 stationary bikes in stock.
On an earnings call yesterday (May 6), Peloton CEO John Foley reported “the shelter-in-place and work-from-home realities have created a meaningful tailwind for Peloton,” which included nearly doubling its “connected fitness” subscribers (those members who use a Peloton bike or treadmill) since the same period last year, and getting over 1 million downloads of its Peloton Digital app in the last six weeks alone. (The app got a boost from a 90-day free trial promotion.)
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