Garmin Fitness, Outdoor Sales Driven by Wearables
GRMN’s fitness segment saw Q1 sales improve 42% to $546,822,000 from $384,722,000, with growth across all categories, led by strong demand for advanced wearables. During the quarter, the company launched an updated Varia RearVue, a new Connect IQTM messaging app for select smartwatches, and integrated select wearables with the Natural Cycles birth control and cycle tracking app. Segment gross margin expanded 400 basis points to 62%, while operating ... Log in to view full article.
