Garmin Ltd. (NYSE: GRMN), has announced results for the first quarter ended April 1, 2023. Highlights for first quarter 2023 include: Consolidated revenue of $1.15 billion, a 2% decrease compared to the prior year quarter Gross margin increased to 56.9%, and operating margin was 17.2% Operating income was $197 million, a 14% decrease compared to
Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the aviation and marine industries.. | May 3, 2023
OLATHE, Kan. (BRAIN) Garmin Ltd. first-quarter revenue decreased 2% year-over-year despite its Fitness segment revenue increasing 11%.Overall company revenue was $1.15 billion for the period ending April 1, compared with $1.17 billion at the same time last year. Fitness revenue including bike GPS head units and accessories, power meter pedals, and Tacx stationary trainers
OLATHE, Kan. (BRAIN) Garmin Ltd. revenue decreased 6% year-over-year in the fourth quarter and 2% for 2022 as its Fitness products division experienced the biggest decline of all the company's segments.Fitness revenue including bike GPS head units and accessories, power meter pedals, and Tacx stationary trainers declined 28% year-over-year for the quarter (from $470