Garmin’s Outdoor segment sales increased 23% in the third quarter to $258,294,000 from $209,415 driven by adventure watch sales. Segment operating income was up 33% to $105,051,000 from $78,972,000 helped by a 90 basis point expansion in gross margin to 66.1%. Fitness segment sales were even stronger, gaining 28% to $243,099,000 from $190,185,000 on higher wearable sales and the contribution from Tacx. Fitness operating income was up ... Log in to view full article.