Bloomberg Tax
Aug. 29, 2022, 10:52 PM

Peloton Delays Its 10-K to Sort Out Restructuring Accounting (1)

Molly Schuetz
Molly Schuetz
Bloomberg News

Peloton Interactive Inc. will delay the publication of its annual report, saying it needs more time to sort out accounting tied to the fitness company’s restructuring effort.

As part of a turnaround plan, Peloton recently shifted away from in-house deliveries and warehouses, opting to rely on partners instead. Accounting for those changes will prevent the company from delivering its 10-K report in a timely manner, Peloton said in a filing Monday.

Peloton said it needs more time to finish disclosures related to the fourth quarter, “including management’s assessment of the effectiveness of internal controls over financial reporting as it ...