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Why Garmin Left Its Growth Outlook Unchanged

·3 min read
Why Garmin Left Its Growth Outlook Unchanged

Garmin (NASDAQ: GRMN) stock has been a winner for investors, not only through the pandemic but over the longer term as well. The navigation-device maker has demonstrated a knack for growing sales and profit margins through a wide range of selling conditions -- primarily thanks to a steady drumbeat of hit product releases in areas as diverse as smartwatches and aviation GPS. Garmin's 25% Q1 sales increase easily beat expectations, with strength showing up in fitness trackers, smartwatches, boating, and automotive.