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Peloton Cuts Apparel Growth Projections 25%: Report

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Peloton has cut its apparel growth projections, CNBC reported Monday, citing internal documents. The fitness platform’s apparel division more than doubled revenue in fiscal 2021, the 12-month period ended June 30, 2021, to $107 million. According to CNBC, Peloton now expects to make around $150 million in clothing sales in fiscal 2022, down from a…

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