Preview - Please log in to view full article.

Article Date: August 2017
Word Count: 154

Garmin Outdoor Outperforms, Fitness Falters

GRMN’s Outdoor segment shot higher in the second quarter ended Jul. 1, with sales surging 46% to $194,776,000 million from $133,096,000 and operating income up 53% to $74,284,000 from $48,565,000. Sales of the fēnix 5 watch series drove results that also got a boost from the new Approach S60 GPS golf watch. The Fitness segment struggled, though, as sales slipped 15% to $181,022,000 from $212,855,000 and operating income was off 29% to $37,487,000 from $53,074,000. The weak ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.