Cari Gundee rides her peloton exercise bike at her home in San Anselmo, California on April 6, 2020.
Ezra Shaw | Getty Images
Peloton issued a recall on a version of its clip-in bicycle pedals due to the risk of axle breaking and injuring users.
Peloton said it had 120 reports of broken pedals and 16 reports of injuries due to its first generation pedals. Of those injuries, five people required medical care, including sutures, the company said.
While no other versions of its pedals were affected by the recall, Peloton recommends customers change their bicycle pedals annually.
“There is no greater priority than the safety and well-being of peloton members,” the company said in a statement to CNBC. “This recall only affects members whose original out-of-warranty pedals are still on the affected bikes that were sold during a period of time.”
Peloton stocks rose 4% in the early afternoon to hit an all-time high of $ 137.24 for the day. The stock is up more than 380% since the start of the year.
Sales of its expensive Spinbikes skyrocketed during the year Coronavirus pandemicas more and more people want to exercise from home. Peloton ended the last quarter with more than 1.09 million connected fitness subscribersThis represents a 113% increase over the previous year and a total of around 3.1 million members, including those who only pay for the digital subscription.