Peloton Interactive said it had to delay filing its annual report with securities regulators, the latest setback for the Internet-connected fitness equipment maker.
Peloton said in a statement on Monday that it needed more time to complete its accounting and disclosures for impairment charges recorded in the fourth quarter ended June 30. The allegations stem from Peloton’s previously announced plan to abandon its fuel depots. month as part of a broader cost-cutting plan.
