Finance
Lululemon Announces Q2 2022 Earnings
Key takeaways from the Lululemon Q2 2022 earnings call include strong demand, improved supply chain & inventory, the play strategy, and...
Too Big, Too Fast: Inside The Rapid Rise and Shocking Fall of F45
So what caused F45 to fall so fast? An F45 spokesperson told Athletech News that the changes were made to “enable us to focus our...
Report: Judge Puts Proposed Peloton Class Action Lawsuit on Hold
According to the Peloton class action lawsuit, the company violated its Membership Terms, state law, & collected millions in overcharges.
Breaking: Founder-Former CEO Randy Hetrick Partners with Private Equity Veteran Jack Daly of JFXD Capital for TRX Acquisition
After leading TRX for 15 years, Randy Hetrick had sold a controlling interest & founded OutFit. He brings about the company's acquisition...
Peloton Reports $1.2B Loss in Q4, Looks to 2023 for Turnaround
Peloton shares plunged 20% as a result of the Q4 loss. Just yesterday, the firm began selling Bike, Tread, Guide, & accessories on Amazon.
Peloton Selling Bike, Guide, & Accessories on Amazon, Stock Responds
The news of the collaboration between Peloton and Amazon led to PTON shares rising up around 18% in early Wednesday trading.
Wondermind Funding: Digital Mental Health Firm by Selena Gomez Reaches $100M Valuation After Backing from Serena Williams
Digital mental health firm Wondermind, co-founded by Selena Gomez, has raised $5m in Series A funding round led by VC firm of Serena Williams
JAXJOX Forms Pivotal Partnership with Another Highly-Regarded Athlete
As we previously reported, Olympic gold medalist Michael Duane Johnson joined JAXJOX advisory board this Spring.
Xponential Fitness Q2 Earnings Call Highlights Resiliency & Celebrates Consistent Strength
CEO Geisler said on the recent Xponential Fitness earnings call that studio openings are not expected to slow anytime soon.
SoulCycle Shifts Gears, Announces 19 Studio Closures & Layoffs
CEO Webster said 19 SoulCycle studios will be closing in the US & Canada, but didn't say how many employees will be affected by the layoffs
