Peloton announced a restructuring, changing the board of directors, CEO, and workforce after profitability fell. The firm’s revenue increased by 6.5% year over year in Q4, falling short of analyst expectations by 1.5%. This likely doesn’t tell the fill story however as inventories increased by 194.8% year over year and EBITDA fell to a loss of $381.2 million dollars. Panjiva data associated with the firm fell as well, down 51.8% year over year in Q4 by volume, likely reflecting overstocked warehouses. This was noted on the Feb 8 earnings call, with CFO Jill Woodworth discussing that a...
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