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Peloton Shares Rise as Treadmill Recall Impact Not as Bad as Feared


Peloton is also still planning to launch in Australia later this year, and is ramping up marketing spending to try to reach new customers.
While the recall will hit financials in the short term, and push back Tread financials a quarter or two, we think this was the prudent decision in the long term, Barclays analyst Mario Lu said in a note to clients. We continue to view Peloton as the leading company in connected digital fitness.
When Peloton reported its fiscal third-quarter results on Thursday, it said fourth-quarter sales will be $165 million lower due to the recall. That puts fourth-quarter revenue at about $915 million, short of analysts estimates for $1.12 billion, according to Refinitiv data. ....

United States , Dana Telsey , John Foley , Mario Lu , Doug Anmuth , Us Consumer Protection Safety Commission , Telsey Advisory Group , Advisory Group , Chief Executive John Foley , Protection Safety Commission , ஒன்றுபட்டது மாநிலங்களில் , டானா டெல்ஸி , ஜான் ஃபோலீ , மரியோ லு , எங்களுக்கு நுகர்வோர் ப்ரொடெக்ஶந் பாதுகாப்பு தரகு , தலைமை நிர்வாகி ஜான் ஃபோலீ , ப்ரொடெக்ஶந் பாதுகாப்பு தரகு ,

Urban Outfitters Recalls Margo Taper Candle Holders


Urban Outfitters Recalls Margo Taper Candle Holders
PHILADELPHIA (dpa-AFX) - Urban Outfitters called back margo taper candle holders citing fire hazard, U.S. Consumer Protection Safety Commission (CPSC) said in a release.
The recalled candle holders can catch fire if they come in contact with the candle s flame, the statement showed.
The Chinese-made, geometric-shaped holders were sold in small, medium and large sizes with SKU Numbers 0058346800, 0058346818, and 0058346826 respectively.
About 2,700 affected candle holders have been distributed across the country through the company outlets and also online at www.urbanoutfitters.com from August 2020 through November 2020.
Consumers have been urged to stop using the recalled products and return them to any company outlets for a full refund. ....

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