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Article Date: May 2017
Word Count: 126

Garmin Sees Strong Outdoor Sales but Decline in Fitness

Sales for the outdoor segment leaped 20% to $115,875,000 from 96,827,000 for the first quarter ended Apr. 1 and operating income for the unit was up 24% to $34,451,000 from $27,885,000. Meanwhile, the fitness unit had a 3% decline in sales to $137,831,000 from $142,418,000 although operating income grew 11% to $18,472,000 on higher gross margins from $16,573,000. Garmin said the outdoor growth ... Log in to view full article.


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