Peloton CEO Barry McCarthy is an optimist. During the company’s Q1 2023 earnings call, McCarthy said that the company was done with layoffs and that the “ship was turning,” referencing a colorful metaphor he issued during Q4 2022 earnings. Wall Street investors may disagree. Peloton’s stock price fell by about 19 percent this morning after the company announced a weaker-than-expected holiday forecast.
On the product side, McCarthy noted that while customer satisfaction with the…
