A look at Peloton’s rough ride post-pandemic [Video]

In 2022, Peloton CEO Barry McCarthy was tapped to replace co-founder John Foley as the upscale fitness company faced a post-pandemic slump and struggled to navigate after the tragic death of a child involving one of its treadmills, but that never happened. He was replaced this week. 

At the time, then Lead Independent Director Karen Boone said in a statement that the “leadership transition will best position Peloton for sustainable growth, profitability, and long-term success.” She cited McCarthy’s “financial acumen and record of driving transformative change at iconic companies including Netflix and Spotify,” where he had held senior roles. 

PELOTON, AMAZON PARTNER TO SELL FITNESS EQUIPMENT, CLOTHING, ACCESSORIES

However, over the past two years, the company has battled to remain relevant as people have returned to traditional gym workouts. To combat the declining sales, it deployed various efforts to cut costs and expand its customer base. Still, the company posted a loss last quarter.  

Initially, Wall Street …