Peloton delays Might launch of its cheaper treadmill within the U.S.

Peloton introduces a treadmill to their product line.

Emily Gaffney | CNBC

Peloton mentioned Thursday it can delay the launch of its Tread machine in the US, till new security options are added.

The brand new, cheaper treadmill was set to go on sale on Might 27.

Chief Government John Foley mentioned throughout an earnings convention name that the corporate can be working with the U.S. Shopper Product Security Fee to get its treadmills again in the marketplace. CPSC should approve new enhancements that the corporate is suggesting to make to its treadmills safer earlier than the gear could be bought once more, Foley mentioned.

“This course of usually takes six to eight weeks. It may take longer. So we won’t supply an on-sale or revised launch date presently,” Foley mentioned.

On Wednesday, Peloton voluntarily recalled all of its treadmills over security considerations. It apologized for not appearing extra rapidly to resolve the problem after studies of 1 demise and dozens of accidents.

This story is creating. Please examine again for updates.

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