Peloton Delays 10-K Report to Sort Out Accounting Tied to Restructuring Efforts
- Company’s warehouse reshuffling complicates disclosures
- Peloton is offloading some operations as part of comeback plan
A Peloton stationary bike for sale at the company's showroom in Dedham, Mass.
Photographer: Adam Glanzman/BloombergThis article is for subscribers only.
Peloton Interactive Inc. will delay the publication of its annual report, saying it needs more time to sort out accounting tied to the fitness company’s restructuring effort.
As part of a turnaround plan, Peloton recently shifted away from in-house deliveries and warehouses, opting to rely on partners instead. Accounting for those changes will prevent the company from delivering its 10-K report in a timely manner, Peloton said in a filing Monday.