1143 ET - Chief Financial Officer Liz Coddington sees Peloton, and the fitness industry as a whole, relatively sheltered from a pullback in U.S. consumer spending. U.S. spend on fitness continued to grow in past periods of uncertainty, including during GDP declines in 2008 and 2009, she said during the company's earnings call. "Fitness isn't among the areas or the first places that consumers are likely to scale back when times are tough," she said. She said Peloton's sales have recently bounced back from softness at the end of March and early April. The business model is helped by its high subscription retention, though demand for its larger-ticket fitness equipment could soften amid uncertainty, she said. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 11:43 ET (15:43 GMT)
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