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Peloton Tumbles on Treadmill Recall, Sales Halt on Safety

  • Company reverses earlier stance; offers refunds, hardware fix
  • Safety commission says firm has sold about 125,000 Tread+
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Peloton Recalls Treadmills After Incidents, One Death
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Peloton Interactive Inc. recalled its treadmill products and will stop selling them after a child died and more than 70 safety incidents were reported, walking back an earlier position that the devices were safe if used properly. The shares fell 15%, the most in about six months.

The recalls involve two Peloton treadmill models: Tread and Tread+, the company and the U.S. Consumer Product Safety Commission said in a joint statement Wednesday. Consumers who have purchased either treadmill should immediately stop using it and contact Peloton for a full refund, according to the statement.