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Peloton Has Problems. Why That’s Good News for Planet Fitness Stock.
Fitness

Peloton Has Problems. Why That’s Good News for Planet Fitness Stock.

Peloton Interactive lost less money, improved its free cash flow, and delivered more than expected connected fitness subscribers in the latest quarter—and its stock was rewarded for it. The big winner, however, might be Planet Fitness Peloton (ticker: PTON) stock jumped 8.2% on Thursday despite posting a loss of $1.20 a share, narrower than its loss of $1.25 a share in the year-ago quarter though wider than the 67-cent loss analysts had expected. Sales of $616.5 million came in below forecasts for $637 million. Investors, however, focused on the fact that Peloton still plans to achieve break-even cash flow by the second half of its fiscal 2023. Source ...