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Article Date: February 2024
Word Count: 222

Garmin Fitness, Outdoor Gains Momentum in Q4

Fitness sales for the fourth quarter were up 22% to $412,076,000 from $336,553,000 with growth in all categories, led by strong wearables demand. Lower shipping costs and inventory normalization helped translate the sales increase to a 132% jump in operating income to $92,550,000 from $39,844,000. For full year, segment sales improved 21% to $1,344,637,000 over $1,109,419,000, with operating income more than doubling to $232,201,000 from $104,738,000.


The Outdoor segment’s top line gained 8% in Q4 to $486,378,000 from $451,465,000 with multiple categories improving, led by adventure watches. New product introductions got a ... Log in to view full article.


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