Peloton posts better than expected holiday sales thanks in part to Costco

Peloton told investors Thursday it still has a "steep hill to climb" to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco. The bike maker posted mixed fiscal second quarter results, as it topped Wall Street's sales estimates but lost more than expected as it continued its efforts to make its costly hardware business more profitable.The bike maker also cut costs in three key areas that it has faced cri ...