Peloton Shares Free Fall as Momentum for Its Products Slows

Peloton has reduced its annual sales forecast by up to $1 billion, now expecting between $4.4 billion and $4.8 billion, down from $5.4 billion. The company's holiday quarter sales also fell short of market expectations. As people return to pre-pandemic routines, demand for Peloton's exercise equipment is declining faster than anticipated. Meanwhile, Planet Fitness reports its membership levels are nearing pre-pandemic peaks, with its stock reaching an all-time high.

What is the new annual sales forecast range for Peloton?

• $6.4 billion to $6.8 billion

• $5.4 billion to $5.8 billion

• $4.4 billion to $4.8 billion

• $3.4 billion to $3.8 billion

How did Peloton's holiday quarter sales forecast perform compared to market expectations?

• It exceeded expectations

• It met expectations

• It was not disclosed

• It missed expectations

What trend is Peloton experiencing as people return to pre-pandemic habits?

• Increased demand for exercise equipment

• Stable demand for exercise equipment

• No change in demand

• Faster-than-expected decline in demand

Which company reported that its membership levels are almost back to pre-pandemic peaks?

• Peloton

• Planet Fitness

• Gold's Gym

• Anytime Fitness

What happened to Planet Fitness's stock following the announcement about membership levels?

• It hit an all-time high

• It was not affected

• It remained the same

• It decreased