Garmin’s Record Quarter Boosted By Sports Watches

April 27, 2022

Garmin reported a record $1.17 billion in first-quarter revenue, a 9% year-over-year increase from $1.07 billion. Strong demand for outdoor adventure watches helped spike 50% revenue growth for the technology company’s outdoor segment, reaching $384.6 million. Operating income for the segment reached $149 million. Front Office Sports