Peloton delivered its first full year of net profit and operating income in fiscal 2026, but said it expects sales to fall in the coming fiscal year as it begins to lap price increases on its hardware and subscription plans.Â
“This was the year where Peloton sort of grew up,” Peloton CEO Peter Stern told CNBC in an interview, calling fiscal 2026 a “landmark” year for the company financially. “That solid foundation positions us for what we need to do to get to long-term growth to deliver on our strategy of becoming a connected wellness company and puts us in really our strongest position to date.”Â
In the year ended June 30, Peloton posted a net income of $63.2 million, up from a loss of $118.9 million in the year-ago period, helped in part by the brand’s decision to raise prices last fall.
Looking ahead to fiscal 2027, the company expects another year of positive free cash flow. It also anticipates gross margin and adjusted earnings…
