Quarterly Report: Q2 Big Five with Andy Beckman of Garmin, Life Time Sheds Members on Purpose, Peloton's First Profit Ever, Xponential's 5x Problem

Garmin Health's Andy Beckman joins hosts Eric Malzone, Juliet Starrett, and Alex Alimanestianu for the quarterly roundtable, talking wearables and the Training Peaks acquisition before the group digs into a full quarter of fitness industry earnings. Andy Beckman explains what Garmin Health actually does, from employee wellness and insurance underwriting to military fatigue tracking and the pilot study that flagged COVID cases 48 hours before symptoms appeared. Juliet Starrett and Alex Alimanestianu then break down the numbers: Garmin posted a record quarter with revenue up 11% to $2 billion and its fitness segment growing 25% to $757 million, Lifetime grew revenue 13.7% to $866 million while deliberately shrinking its membership base toward higher-paying clients, and Peloton logged its first full year of net profitability even as subscriptions fell 9%. Xponential Fitness comes up as the quarter's cautionary tale, with a new leadership team and a debt-to-EBITDA ratio the hosts call unsustainable. The episode closes on Procter & Gamble's acquisition of supplement brand Thorn, New York City's new click-to-cancel law, and a widely shared article questioning the accuracy of Blue Zones longevity data. Andy Beckman leads Garmin Health, the division that connects Garmin's wearables to partners in corporate wellness, insurance, clinical research, and remote patient monitoring, after joining the company in 2008. Website: https://www.garmin.com/en-US/health/ | LinkedIn: linkedin.com/in/beckmanandy Get Eric's weekly industry newsletter: https://futureoffitness.co Watch full episodes on YouTube: https://www.youtube.com/@futureofofitnesspod OUR SPONSORS: 🔗 Perfect Gym: https://www.perfectgym.com/en 🔗 EGYM: https://egym.com/