Peloton Interactive Inc will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said on Thursday, sending its shares down 7%.
A Peloton sign is pictured outside a store in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegriwill recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said on Thursday, sending its shares down 7%.
"We have identified 35 reports of seat posts breaking out of 2,160,000 units sold in the United States, as of April 30," Peloton said in aDuring the January to March quarter, Peloton said it had accrued $8.4 million as an estimated expense related to "voluntary corrective action plan" involving the defect.on Thursday, said consumers should immediately stop using the recalled exercise bikes and contact Peloton for a free repair.
The seat post can break unexpectedly during use, creating a potential fall and injury risk, Peloton said. There is no impact to Peloton Bike+ Members nor Peloton original Bike owners in the UK, Germany, and Australia, it added.
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Peloton recalls 2.2 million bikes, citing an unstable seat postPeloton said it received 35 reports of the seat post breaking. In 13 of those instances, customers reported injuries such as a wrist fracture, lacerations and bruises due to falling, according to the safety commission report.
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Peloton is recalling more than 2 million exercise bikes. Here's whyPeloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards. The recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold from January 2018 through May 2023 for about $1,400. They were sold at Peloton and Dick’s Sporting Goods stores nationwide and online at Amazon, Peloton and Dick’s websites.
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Peloton recalls 2.2 million exercise bikes due to safety hazardPeloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced.
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Peloton Recalls Over 2 Million Bikes Due to Seat Hazard: ‘Immediately Stop Using'Peloton is recalling 2.2 million exercise bikes due to a risk of the seat post breaking, and owners are being told to “immediately stop using” the bikes until they can be repaired. The recall affects Peloton model PL01, sold from Jan. 2018 through this month. “Peloton has received 35 reports of the seat post breaking and detaching from the bike…
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