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BRIEF-Peloton CEO Says Co Is Temporarily Stopping Sales Of The Tread, Which Was Available Only In Canada And The U.K. - Conf Call

Published 2021-05-06, 07:10 p/m
© Reuters.
PTON
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May 6 (Reuters) - Peloton Interactive Inc PTON.O :

* PELOTON CEO SAYS CO IS TEMPORARILY STOPPING SALES OF THE TREAD, WHICH WAS AVAILABLE ONLY IN CANADA AND THE U.K.

* PELOTON CEO SAYS SMALL NUMBER OF TREAD UNITS WERE MADE AVAILABLE TO SELECT U.S. MEMBERS OVER PAST FEW MONTHS FOR PRODUCT FEEDBACK AHEAD OF LAUNCH - CONF CALL

* PELOTON CEO SAYS THERE HAVE BEEN SOME MINOR QUALITY ISSUES WITH THE NEW TREAD RELATED TO HOW TABLET CONSOLE IS ATTACHED TO THE TREAD

* PELOTON CEO SAYS ON THE NEW TREAD, IN A HANDFUL OF CASES, CO HAD REPORTS OF SCREWS LOOSENING, CAUSING THE TOUCHSCREEN TO DETACH FROM THE TREAD

* PELOTON CEO SAYS ON ISSUES WITH THE NEW TREAD, CO HAS NOTIFIED THE CPSC AND SAFETY REGULATORS IN THE U.K. AND CANADA LAST WEEK

* PELOTON CEO SAYS EXPECTS TO OFFER THE TREAD FOR SALE AS SOON AS THE CPSC'S FULL REVIEW OF THE PRODUCT IS COMPLETED

* PELOTON CEO SAYS PASS CODE CO IS DEVELOPING FOR TREAD+ WILL ALSO BE RELEASED ON THE TREAD BY THE END OF THE Q4 Further company coverage: PTON.O

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