Peloton President on $420M Precor Acquisition

The transcript discusses Peloton's strategic acquisition of Precor, highlighting the benefits of enhanced manufacturing capabilities and commercial expansion. It outlines plans to integrate Precor's products while maintaining their branding. The acquisition accelerates Peloton's product roadmap and addresses supply chain challenges. Peloton anticipates continued growth and potential future acquisitions, driven by innovation and community support.

What was one of the main reasons for Peloton's acquisition of Precor?

• To establish US manufacturing capabilities

• To reduce employee count

• To enter the European market

• To diversify into the food industry

How does Peloton plan to utilize Precor's commercial channels?

• By integrating Peloton experiences into hotels and campuses

• By closing all Precor facilities

• By selling Precor products under a new brand

• By focusing solely on online sales

What impact does the acquisition have on Peloton's product roadmap?

• It eliminates the need for new products

• It allows faster product development

• It focuses only on existing products

• It slows down product development

How has the COVID-19 pandemic affected Peloton's supply chain strategy?

• It accelerated the need for onshoring manufacturing

• It had no impact on the supply chain

• It resulted in the closure of all manufacturing facilities

• It led to a decrease in demand

What is Peloton's approach to future acquisitions?

• Only acquiring companies in the fashion industry

• Acquiring companies to reduce competition

• Focusing on technology and team acquisitions

• Avoiding any further acquisitions

What has Peloton learned about its community during the COVID-19 pandemic?

• The community is not supportive

• The community prefers in-person classes

• The community is highly supportive and engaged

• The community has decreased in size

What new content type did Peloton introduce to enhance membership value?

• Cooking classes

• Gardening tips

• Yoga

• Bar Pilates