Garmin’s Q1 Revenues Advance 25 Percent

April 28, 2021

Garmin Ltd. reported sales grew 25 percent in the first quarter ended March 27, led by gains of 38 percent in its Fitness segment, 46 percent in Outdoor and 28 percent in its Marine segment. Total revenue of $1.07 billion, a 25 percent increase over the prior-year quarter led by double-digit growth in the fitness, outdoor, marine, and auto segments. SGB Media