Peloton shares tumble as it warns of sales decline

Company which rode the at-home exercise boom during Covid has suffered as many of its users returned to gyms

Shares in Peloton tumbled by almost a quarter on Thursday after the embattled fitness group cut back its sales forecast amid lackluster demand for its high-end equipment.

The company, which rode the at-home exercise boom at the height of the Covid-19 pandemic, has suffered as many of its users headed back to gyms across the world.

Reuters contributed reporting