For Peloton, the pandemic has been profitable. The at-home fitness company announced its first-ever quarterly profit, which was bolstered by a 172% surge in sales and more than 1 million people subscribing to its streaming classes.
Peloton has seen its fortunes soar this year because of the virus. Home-bound customers have been stocking up on Peloton’s line of stationary bikes and treadmills in recent months and the trend doesn’t appear to be fading, according to the company’s outlook.
The better-than-expected fiscal fourth-quarter