Peloton Interactive Inc.’s stationary bikes and remote fitness classes have been in high demand since the coronavirus pandemic began, as gyms closed and millions of people were cooped up at home. Orders for new bikes surged, and Peloton stopped most advertising for several months as it struggled to fulfill demand.
More than six months into the pandemic, wait times for new bikes have been reduced, while orders remain up. The company recently reported its first quarterly profit, and the number of $39-a-month connected-fitness…
