Furthermore, it doesn’t appear to be we’re performed with the Covid-19 pandemic simply but. Each day new infections within the U.S. have been on the uptrend over the previous few weeks, pushed by the unfold of the extremely infectious Delta variant of the virus. The seven-day common case fee has risen from 22,000 in early July to over 100,000 instances presently. This might delay the re-opening of workplaces and hold folks at dwelling for a number of extra quarters, bolstering demand for Peloton’s merchandise. The corporate may additionally be in a greater place to cater to demand now, contemplating that it has taken steps to deal with provide chain bottlenecks.
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