GRMN’s Fitness and Outdoor segments posted substantial gains across the P&L for Q3, with Fitness seeing a 31% revenue gain to $463,887,000 from $352,976,000. Gross margin of 61.0%, a 700 b.p. jump, flowed down to a 98% spike in operating income, hitting $147,768,000. All segment categories were up, led by wearables. The quarter saw updates to Garmin Coach that added cyclist training plans to the existing running training in the application. Outdoor’s top line also posted double-digit gains, going +21% to $526,551,000 from $433,997,000 on adventure watch ... Log in to view full article.