Peloton could be poached by private equity firms: report [FOX Business Network]
Dick's Sporting Goods Inc (DKS)
Last dick's sporting goods inc earnings: 3/10 07:30 am
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Source: FOX Business Network
The company, which has been trying to turn around mounting losses, started talks with one firm, people familiar with the matter told CNBC. The source didn't specify the firm's level of interest in actually acquiring the company, according to the report. Peloton told FOX Business in a statement that it does "not comment on speculation or rumors." Peloton's stock opened more than 16% higher on Monday after CNBC's report. This comes as concerns over the company's uncertain future grow. Last week, CEO Barry McCarthy was ousted, and the company announced it was cutting about 15% of its global workforce, about 400 employees, to lower costs. In 2022, McCarthy was tapped to replace co-founder John Foley and turn around the company that faced a post-pandemic slump and struggled to navigate after the tragic death of a child involving one of its treadmills, but that never happened. Following a surge in business during the pandemic, the company faced mounting losses when social dista
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DKS
Earnings
- 3/14/24 - Beat
DKS
Sec Filings
- 5/2/24 - Form ARS
- 5/2/24 - Form DEFA14A
- 5/2/24 - Form DEF
- DKS's page on the SEC website