FTC: Affiliate Disclosure: All links pay commission
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”
This content is not sponsored. It’s mostly me behind the labour of love which is this site and I appreciate everyone who follows, subscribes or Buys Me A Coffee ❤️ Alternatively please buy the reviewed product from my partners at their regular price. Thank you! This really is reader-powered content.
FTC: Affiliate Disclosure: All links pay commission. As an Amazon Associate, I earn from qualifying purchases.