Garmin Fitness & Outdoor Momentum Continues in Q3
Fitness segment revenues gained 14% to $190,185,000 from $167,147,000 in the third quarter ended Sep. 29 driven by strong wearables sales including the Vivosmart 4 launch. Gross margin contracted 310 basis points to 54.4% but operating income still increased 12% to $37,378,000 from $33,492,000. The highly profitable Outdoor segment also ... Log in to view full article.
