Financial

Garmin reports record first quarter revenue, growth in all segments except fitness

2022-04-28T05:57:00

Garmin

Garmin reported total revenue of $1.17 billion in Q1 2022. Strong double-digit growth in the outdoor, marine and automotive segments was primarily responsible for the nine percent year-over-year increase. Only the fitness segment saw double-digit declines, and aviation grew by 1 percent. The gross margin was 56.5 percent, while the ...

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