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Peloton CEO Foley Says Bike Supply Is Close to Meeting Demand

  • Company has struggled to keep up with customer order surge
  • Production capacity has jumped 700% in the past year, CEO says
A Peloton Interactive Showroom Ahead Of Earnings Figures
Photographer: Adam Glanzman/Bloomberg

Peloton Interactive Inc. Chief Executive Officer John Foley said the company’s production capacity grew 700% over the past year and that supply of its exercise bikes is close to meeting demand.

New York-based Peloton has been one of the fastest growing companies over the past year as people looked for new ways to stay active at home during the pandemic and accompanying gym closures. That left the company struggling to fulfill all customer orders on time.