Garmin Ltd's (GRMN) first quarter performance in 2025 depicted a strategic growth, surpassing its Q1 revenue expectations and setting a new record. The company significantly raised its dividend giving a solid standing as a dividend stock. Garmin's outdoor category recorded a sales growth in Q1 which was prominently driven by its product expansion. Garmin also updated its 2025 guidance to a projected $6.85B revenue focusing more on Fitness and Outdoor growth. Despite missing the Q1 EPS by 3c, Garmin still maintains a bullish stance in the stock market despite a tightening margin that caused some slide in stock prices. Notwithstanding, Morgan Stanley and JP Morgan have adjusted the company's price targets due to various reasons. In an attempt to advance its offerings, Garmin has launched the Garmin Pilot Web, an online flight planning tool and the Approach G20 Solar, the first GPS golf handheld device with an unlimited battery life in sunny conditions.
Garmin Ltd GRMN News Analytics from Tue, 08 Oct 2024 07:00:00 GMT to Fri, 02 May 2025 18:55:51 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor -5
