GRMN’s Fitness segment grew 30% to $601,013,000 from $463,887,000 for the third quarter, resulting in a 14% improvement in operating income to $193,600,000 over $169,734,000. Advanced wearables drove the top line, with an updated Edge series, Bounce, and Venu smartwatch. Meanwhile, Outdoor ticked down 5% to $497,598,000 from $526,551,000, primarily due to the auto and adventure watch segments facing a tough comp against last year’s product launches. The quarter saw ... Log in to view full article.
