Peloton crushes estimates as sales surge 172%, expects strong demand to continue into 2021
September 10, 2020 at 16:05 PM EDT
Peloton's fiscal fourth-quarter sales surged 172% to $607.1 million, the company announced Thursday, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic.