Garmin Shares Jump

Reading Time: < 1 minute
Source: Garmin.com Garmin Edge 820
Source: Garmin.com Garmin Edge 820

Garmin shares jumped over 5% on the release of the Q2 earnings.

Of interest to me and maybe to you is the following:

  • 13 million IQ downloads since the service started in early 2015. I’d be interested to know what percentage are actually used in anger.
  • Fitness revenue grew “34% in the quarter driven by wearable devices” (sic) with gross margin constant at 56% and operating margin up from 21% to 25%
  • Looking ahead there is “a stronger outlook for our outdoor and fitness segments”
Support this site with purchases at these partners - should click to a local choice in your country
Subscribe
Notify of
guest
2 Comments
oldest
newest most voted
Inline Feedbacks
View all comments
David Lusty (@lustyd)

I’ve downloaded 10-20 IQ things and literally use none of them.