Peloton Interactive, Inc. will delay the publication of its annual report. The company said it needs more time to sort out accounting tied to the connected fitness company’s restructuring effort.
Peloton recently shifted away from in-home deliveries and warehouses as part of a turnaround plan, opting to rely on partners. Accounting for those changes will prevent the company from delivering its 10-K report timely, Peloton said in a regulatory filing Monday.
According to an SEC filing, the connected fitness company will take up to an additional 15 days to file its annual report for the fiscal year that ended June 30 that was due August 29.
