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...See Note 16, “Segment Information,” for restructuring, impairment and transaction-related charges, net by segment. Restructuring Charges The Company has a restructuring program related to eliminating excess manufacturing capacity and properly aligning its cost structure. The Company classifies the following charges as restructuring: • Employee termination charges are incurred when the...

...During the six-month period ended May 26, 2024, the Company recognized restructuring related charges, primarily consulting costs associated with our restructuring initiative, of $25.4 million. Restructuring charges, net During the three-month and six-month periods ended June 1, 2025, we recognized restructuring charges of $6.8 million...

...The Company records approved charges associated with restructuring and other activities once the relevant accounting criteria have been met. Total cumulative charges recorded associated with restructuring and other activities for the Restructuring Program were: Sales Returns (included in Net Sales) Cost of Sales Operating Expenses Total (In millions) Restructuring Charges...

...See Note 15, “Segment Information,” for restructuring, impairment and transaction-related charges by segment. Restructuring Charges The Company has a restructuring program related to eliminating excess manufacturing capacity and properly aligning its cost structure. The Company classifies the following charges as restructuring: • Employee termination charges are incurred when the Company...

...Restructuring Costs Project Momentum Restructuring Program In November 2022, the Board of Directors approved a profit recovery program, Project Momentum, which includes an enterprise-wide restructuring focused on recovering operating margins, optimizing our manufacturing, distribution and global supply chain networks, and enhancing our organizational efficiency across both segments. The restructuring...

...20 INDEX Note 9 - Restructuring and Related Charges (Credits) Fiscal Year 2023 Restructuring Program In May 2022, the Company initiated a global program to restructure and align our cost base with current and anticipated future market conditions (Fiscal Year 2023 Restructuring Program). This program includes the exit of certain leased...

...20 INDEX Note 9 - Restructuring and Related Charges (Credits) Fiscal Year 2023 Restructuring Program In May 2022, the Company initiated a global program to restructure and align our cost base with current and anticipated future market conditions (Fiscal Year 2023 Restructuring Program). This program includes the exit of certain leased...

...11 In April 2024, the Company’s Board of Directors approved a new restructuring plan to expand upon its 2022 Restructuring Plan (as expanded, the “2024 Restructuring Plan”, collectively, the “Restructuring Plans”). The Company believes the 2024 Restructuring Plan will position Peloton for sustained, positive free cash flow, while enabling...

...Restructuring On November 8, 2023, we announced our plans for the Restructuring, designed to simplify our operational footprint and cut costs while maximizing free cash flow. As part of the Restructuring, we began to wind down our mapping and ablation businesses. We also immediately began implementation of the corporate restructuring...

...We incurred additional restructuring charges of $6.7 million and restructuring related charges of $3.1 million in the first quarter of 2025, which were included in “Restructuring charges, net” and “Selling, general and administrative expenses” (“SG&A”), respectively, in the consolidated statements of operations and we may incur additional...

...See Note 16, “Segment Information,” for restructuring, impairment and transaction-related charges by segment. Restructuring Charges The Company has a restructuring program related to eliminating excess manufacturing capacity and properly aligning its cost structure. The Company classifies the following charges as restructuring: • Employee termination charges are incurred when the Company...

...Restructuring related costs are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. General integration costs are not linked to restructuring. The Company believes the disclosure of restructuring related costs provides more information on the total cost of the 2019...

...In connection with the Network Optimization Project, the Company recorded restructuring and restructuring-related charges for the periods indicated as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, Incurred since inception 2024 2023 2024 2023 Restructuring charges $ - $ 3 $ 3 $ 5 $ 10 Restructuring-related charges 5...

...In connection with the Network Optimization Project, the Company recorded restructuring and restructuring-related charges for the periods indicated as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, Incurred since inception 2024 2023 2024 2023 Restructuring charges $ - $ 3 $ 3 $ 5 $ 10 Restructuring-related charges 5...

...In connection with the Network Optimization Project, the Company recorded restructuring and restructuring-related charges for the periods indicated as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, Incurred since inception 2024 2023 2024 2023 Restructuring charges $ - $ 3 $ 3 $ 5 $ 10 Restructuring-related charges 5...

...Restructuring Charges May 2025 Restructuring Plan In May 2025, we announced a workforce reduction that resulted in a management approved restructuring plan. As of September 30, 2025, we recorded $ 27.5 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating...

...The Company expects that the Restructuring Program will result in restructuring and other charges totaling between $ 500 million and $ 700 million, before taxes, consisting of employee-related costs, contract terminations, asset write-offs and other costs associated with implementing these initiatives. Restructuring Program Approvals The Restructuring Program cumulative charges for...

...Net cash restructuring and restructuring-related $ 40.0 to $ 45.0 $ 37.4 $ 7.1 $ 30.3 Net non-cash restructuring and restructuring-related $ 15.0 to $ 20.0 13.8 .5 13.3 Total net restructuring and restructuring-related costs $ 55.0 to $ 65.0 51.2 7.6...

...For the three-month period ended May 28, 2023, restructuring and restructuring related charges, severance, and other, net primarily includes net restructuring charges of $6.5 million recognized in connection with the 2022 restructuring initiative, other executive severance and separation charges of $10.7 million, costs associated with the wind...

...Net cash restructuring and restructuring-related $ 40.0 $ 38.1 $ 7.8 $ 30.3 Net non-cash restructuring and restructuring-related 25.0 14.1 .8 13.3 Total net restructuring and restructuring-related costs 65.0 52.2 8.6 43.6 Goodwill and long-lived asset impairment costs...