GRMN’s fitness segment sales fell 28% in the first quarter to $220,896,000 from $308,125,000, hurt mainly by a falloff in sales of cycling products compared to last year’s pandemic-driven demand, but all product categories declined. Operating income was just $580,000, down from $70,682,000 last year. The outdoor segment kept humming along, however, with 50% top line ... Log in to view full article.
