- Peloton Interactive Inc (NASDAQ:PTON) announced a rear safety guard for its recalled Tread+ treadmill.
- The safety guard, currently being manufactured and available later this year, will be offered for free to the owners, CNBC reported.
- In May 2021, the company recalled its Tread and Tread+ treadmills after the use of treadmills resulted in multiple injuries and one child’s death.
- Peloton and the U.S. Consumer Product Safety Commission said in a joint statement that users reported 279 incidents and 61 injuries since the recall.
- Related: Peloton Settles Treadmill Recall Incident And Violation With $19.1M Penalty
- Further adding to the woes, last week, the U.S. Consumer Product Safety Commission announced the recall of two million exercise bikes due to fall and injury hazards.
- Earlier this month, Peloton reported a Q3 FY23 sales decline of 22% Y/Y to $748.90 million, beating the consensus of $708.05 million, and EPS loss was $(0.79), missing the consensus of $(0.46).
- Also Related: Peloton Interactive Analysts Give Mixed Reviews: ‘Better Than Expected Q3 Sales And EBITDA … Offset By Soft Q4 Subscriber Guidance’
- Price Action: PTON shares are trading higher by 0.41% at $7.38 premarket on last check Friday.
- Photo via Wikimedia Commons
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