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BRIEF-Peloton Exec Expects $100 Mln Investment Will Get Co Back To Normal Shipping Protocol By End Of This Fiscal Year - Conf Call

· 02/04/2021 18:15
BRIEF-Peloton Exec Expects $100 Mln Investment Will Get Co Back To Normal Shipping Protocol By End Of This Fiscal Year - Conf Call

- Peloton Interactive Inc PTON.O:

  • PELOTON CEO SAYS WEST COAST PORT DELAYS, COVID DELIVERY CHALLENGES HAVE PREVENTED CO FROM RETURNING TO NORMAL ORDER TO DELIVERY WAIT TIMES AND FORCED CO TO RESCHEDULE MANY DELIVERIES - CONF CALL

  • PELOTON EXEC SAYS EXPECTS Q3 GROSS MARGIN OF ABOUT 35%

  • PELOTON EXEC SAYS DUE TO HIGHER SHIPPING COSTS, CO SEES FISCAL 2021 GROSS MARGIN AT ABOUT 39%, DOWN FROM PREVIOUS GUIDANCE OF 41%

  • PELOTON EXEC SAYS EXPECTS $100 MILLION INVESTMENT WILL GET CO BACK TO NORMAL SHIPPING PROTOCOL BY THE END OF THIS FISCAL YEAR

Further company coverage: PTON.O


((Reuters.Briefs@thomsonreuters.com;))