Yahoo TV Peloton, Walmart-Burger King, BJ's: Consumer Trends
Peloton (PTON) experienced subscriber growth as consumers purchased pre-owned equipment and subscribed to plans. However, the refurbished inventory is no longer sufficient to continue offering this option. The home exercise equipment manufacturer has seen its stock skyrocket above 30% (at the time of this video's posting) after reporting narrower-than-expected losses in its fiscal fourth quarter.
Walmart (WMT) has entered a partnership with Burger King where Walmart+ members can get 25% off Burger King purchases on digital orders. They will also be able to get a free Whopper every three months. Burger King is owned by Restaurant Brands International (QSR).
BJ's Wholesale Club (BJ) is showing sales momentum in its latest quarterly results, which revealed a 22% year-over-year sales growth in its digital channels. It was also the tenth straight quarter of traffic growth.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Angel Smith
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