Peloton sales rise in latest quarter but will the turnaround plan continue?

High-end fitness company Peloton seems to be making progress with its turnaround plan as it reported its first sales increase in nine quarters on Thursday. 

The company reported that sales rose 0.2% year over year in the fourth quarter. This marked the first year-on-year growth since fiscal year 2022. It is seen as a positive sign for the company, which faced a post-pandemic slump and struggled to navigate after the death of a child involving one of its treadmills.

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