May 13, 2016 | Peloton CEO Talks Fitness Craze, Shake Shack Smashes Earnings, MarketSnacks Founders on Theranos Prez Exiting
Cheddar Archive
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14m
Soul Cycle, Fly Wheel and Peloton are all competing in the crowded spinning market. Is there room for all of them to play? “What we are hearing is that Peloton is off the charts value vis a vis going to classes,” said Peloton CEO John Foley on Friday. He also told Cheddar that the company’s revenue will hit $150 million in annual sales up from $50 the previous year. Shake Shack reported its first quarter results after the market closed on Thursday and topped analysts’ expectations across the board. The company reported earnings per share of .08 cents and stated that its revenues had increased 43% from a year ago to a total revenue of more than $54 million dollars. The co-founders of MarketSnacks, Jack Kramer and Nick Martell, joined Cheddar live on set to discuss popular headlines featured in their digestible financial newsletter. The founders talked about the recent departure of Theranos’ President and COO Sunny Balwani after he recently received an onslaught of scrutiny following reports of the company’s flawed blood-testing business.
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