Garmin Ltd. (GRMN) delivered a strong start to fiscal 2025, fueled by an impressive performance in its Outdoor segment. While overall first-quarter results were mixed, missing the Zacks Consensus Estimate on revenues and earnings, the company still posted an 11% year-over-year increase in total sales, reaching a record $1.54 billion. Much of that growth came from the Outdoor business, which is quickly becoming Garmin’s most important and profitable unit.In the first quarter, Outdoor segment sales jumped 20% ...

Garmin announces first quarter 2025 results Company reports record first quarter operating results and maintains full year EPS guidance Schaffhausen, Switzerland / April 30, 2025 / PR Newswire – Garmin® Ltd. (NYSE: GRMN), today announced results for the first quarter ended March 29, 2025. Highlights for first quarter 2025 include: Outdoor: Revenue from the outdoor segment increased 20% in the first quarter primarily due to growth in adventure watches. Gross and operating margins were 64% and 29%, respective ...