Product Expansion Powers Garmin's Outdoor Category Sales Growth in Q1

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% ...