Garmin Ltd Reports First-Quarter 2025 Results

Garmin Ltd, a Swiss company operating in the consumer discretionary sector, has released its first-quarter 2025 financial results. Key highlights from the report include:

• Revenue growth of 12.1% year-over-year, indicating a slowdown in growth compared to previous quarters
• Net sales of $1.23 billion, a 10.5% increase from the same period in 2024
• Gross margin of 34.2%, a decrease of 1.3 percentage points from the first quarter of 2024

The company’s stock price has experienced a moderate decline following the release of these results. Key developments include:

• A 4.2% decrease in the company’s stock price over a 5-day period
• A market capitalization of $14.5 billion as of the close on [date]

In other news, Garmin has introduced new products to its lineup, including:

• The Approach G20 Solar, a golf GPS rangefinder with solar charging capabilities
• Other innovative products that demonstrate the company’s continued focus on product development and innovation

Garmin’s strategy remains centered on innovation and product development, with a continued emphasis on meeting the evolving needs of its customers.