Peloton Interactive said it needs to delay filing its annual report with securities regulators, the latest setback for the maker of internet-connected-fitness equipment.
Peloton said in a filing Monday it needed more time to complete the accounting and disclosures in connection with impairment charges recorded in the fourth quarter, which ended June 30. The charges resulted from Peloton’s plan to exit its field operations warehouses, a move announced earlier this month as part of a broader cost-cutting plan.