Peloton Recalls All of Its Treadmill Machines
Peloton is voluntarily recalling all of its treadmill machines amid a whirlwind of safety issues. After the company's announcement today, Peloton stock dropped 8%. The recall is for Tread+ and Tread treadmill equipment.
Last month, the U.S. Consumer Product Safety Commission suggested Peloton do a massive recall on their treadmills after an incident involving the death of a child due to a safety issue with one of the manufacturer's machines. Peloton denied the recall suggestion and insisted their product was safe.
Wednesday, Peloton issued a consumer recall asking everyone who's purchased a Peloton treadmill (about 125,000) to return the equipment for a full refund. Peloton also stated the company would offer other solutions in addition to the refund offer.
The decision to recall both products was the right thing to do for Peloton's Members and their families. I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission's request that we recall the Tread+. We should have engaged more productively with them from the outset.-Peloton CEO John Foley
Consumers have reported children getting pinned under the rear rollers of the Peloton Tread+ and Tread treadmills. The U.S. Consumer Product Safety Commission has even had complaints about pets getting trapped as well.
Peloton Treadmill Recall
- Slat Belt
- 32" Touchscreen
- Sold in the U.S. Since 2018
- Smooth Belt
- 23.8 Touchscreen
- Limited Distribution in the U.S. Since April 2021
We believe strongly in the future of at-home connected fitness and are committed to work with the Consumer Product Safety Commission to set new industry safety standards for treadmills.-Peloton CEO John Foley