Fitness segment revenues were up 38% in the first quarter to $1,072,327,000 over $856,108,000 on strong cycling and advanced wearables demand, driving operating income up 138% to $73,736,000 from $31,011,000. The company launched its smallest smartwatch, Lily, with a fashion forward aim during the quarter, and the new Rally power meter series has an off-road specific version, which the company called out as a new market opportunity. Segment gross margin expanded 610 b.p. ... Log in to view full article.