GRMN’s Fitness and Outdoor segments finished the year strong, with Fitness revenues up 31% to $539,305,000 from $412,076,000 and Outdoor growing 29% to $629,373,000 from $486,378,000. Fitness benefitted from strong wearables demand and the Lily 2 Active launch, while a 57% gross margin helped drive a 72% jump in operating income to $159,161,000 from $92,550,000. Outdoor’s adventure watch sales provided the bulk of the top-line ... Log in to view full article.
