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Garmin (GRMN) International Revenue Performance Explored
GRMNGarmin(GRMN) ZACKS·2025-02-24 15:15

Core Insights - Garmin's international revenue performance is crucial for assessing its financial resilience and growth prospects [1][2][3] - The company's total revenue for the quarter ending December 2024 was 1.82billion,reflectingayearoveryearincreaseof22.91.82 billion, reflecting a year-over-year increase of 22.9% [4] International Revenue Breakdown - EMEA contributed 38.49% of total revenue, amounting to 701.52 million, with a surprise increase of 19.43% compared to analyst expectations of 586.95million[5]APACgenerated586.95 million [5] - APAC generated 266.49 million, accounting for 14.62% of total revenue, which was a slight miss of 0.71% against expectations of 268.39million[6]FutureRevenueProjectionsAnalystsprojecttotalrevenueforthecurrentfiscalquartertoreach268.39 million [6] Future Revenue Projections - Analysts project total revenue for the current fiscal quarter to reach 1.46 billion, a 5.8% increase from the same quarter last year, with EMEA expected to contribute 32.3% (472.61million)andAPAC15.7472.61 million) and APAC 15.7% (229.23 million) [7] - For the full year, Garmin is expected to generate 7billionintotalrevenue,up11.27 billion in total revenue, up 11.2% from the previous year, with EMEA and APAC projected to account for 31.4% (2.2 billion) and 14.5% ($1.02 billion) of total revenue, respectively [8] Market Trends and Stock Performance - The reliance on international markets presents both opportunities and challenges for Garmin, making it essential to monitor international revenue trends for future projections [9] - Garmin's stock has appreciated by 4.9% over the past four weeks, outperforming the Zacks S&P 500 composite, which declined by 0.5% [12]