Read on Twitter
$PTON beat and raised guidance on Every Single Metric.
Revenue: Q2 $1.0648B and full year raise to $4.075B or better.
CF members and Digi members up 128% and 472%!
Earnings of $63.6M NI
Deposits/Def Revs increased another $90M and Cash increased $250M
Healthy! https://twitter.com/ocshree/status/1356333087206961152
Revenue: Q2 $1.0648B and full year raise to $4.075B or better.
CF members and Digi members up 128% and 472%!
Earnings of $63.6M NI
Deposits/Def Revs increased another $90M and Cash increased $250M
Healthy! https://twitter.com/ocshree/status/1356333087206961152
One item the analysts got stuck on is the $100M investment in logistics. I say a great investment. Works out to $154/bike delivered and recouped in less than 4 mos. If they cut deliv lead times a couple months, even better. Improves perceptions and great for LT investors.
Tread launch in UK exceeding expectations. Deliveries to limited zip codes still Feb 9. Shifting GA for US by 8 weeks to build inventory and minimize getting overwhelmed by demand.
Remember, Treadmill TAM is 4X the Bike. Get ready.
Seems like a good plan to me.
Remember, Treadmill TAM is 4X the Bike. Get ready.
Seems like a good plan to me.
Questions I would have liked to hear:
1. International expansion
2. Apparel sales
3. Partnerships and plans to leverage Beyoncé and Shonda
4. Plans for $2.1B cash!
Best quote: “We will not always fly our bikes over”.
If you are a long term investor, this is a great Q.
BTD!
1. International expansion
2. Apparel sales
3. Partnerships and plans to leverage Beyoncé and Shonda
4. Plans for $2.1B cash!
Best quote: “We will not always fly our bikes over”.
If you are a long term investor, this is a great Q.
BTD!
