"For years - through its pandemic-fueled highs and its post-quarantine malaise - Peloton has held its earnings calls at a bright and bushy 8:30AM ET. Not yesterday. Instead, the company broke different news first thing in the morning: it issued yet another recall for 833,000 of its original Bike Plus units, before posting its Q1 2026 results after the markets closed at 4 o'clock."
"Peloton CEO Peter Stern addressed the recall right away during the company's earnings call, stating the facts - that there were only three reports of breakages and two injuries, plus the company was offering a free replacement seat. Later, when asked in an Q&A with analysts, Stern said that the recall's impact "is expected to be immaterial and is reflected in our full-year guidance.""
Peloton issued a recall for 833,000 original Bike Plus units and announced Q1 2026 results after markets closed. The company moved away from its usual 8:30AM ET earnings call timing to announce the recall first. CEO Peter Stern reported three breakages and two injuries and offered a free replacement seat to affected users. Stern told analysts the recall's impact is expected to be immaterial and is reflected in full-year guidance. The 2024 recall is smaller than the 2023 seat-post recall that affected over 2 million bikes and involved dozens of breakage reports and injuries.
Read at The Verge
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