CNN —
Shares of beleaguered exercise equipment company Peloton rallied sharply on Thursday after it reported its first rise in sales in more than two years.
The home fitness company brought in $644 million in sales, up 0.2% from the year before, and its shares surged more than 35%.
That might not sound like a huge gain in sales, but after posting years of losses, analysts said it could show a glimmer of turnaround efforts paying off. The company saw sales jump at the start of the pandemic but then taper off as people went
→ Continue reading at CNN - Business News
