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GRMN Latest Report

Earnings AnalystWednesday, Feb 19, 2025 10:03 am ET

1min read

GRMN --

Financial Performance

Garmin (stock code: GRMN) reported an operating revenue of $1.823 billion in December 2024, up approximately 10.4% from its operating revenue of $1.65 billion in 2023. This growth indicates strong market performance, possibly due to the launch of new products and increased market demand.

Key Financial Data

1. Garmin's full-year operating revenue in 2023 was $5.23 billion, up 8% YoY.

2. The operating revenue in 2024 was $1.823 billion, indicating strong performance in the new fiscal year.

3. The operating profit of Garmin grew 6% YoY to $1.09 billion in 2023, showing a steady improvement in the company's profitability.

4. In 2024, Garmin's product promotion focused mainly on smart wearable devices related to health, fitness, and outdoor sports.

5. The global wearable device market is expected to grow 6.1% in 2024, showing a good development trend for the industry.

Peer Comparison

1. Industry-wide analysis: The smart wearable device industry as a whole shows a growth trend, especially in health monitoring and sports tracking. According to market research, the industry will continue to grow in the next few years, driving the revenue growth of related companies. Competitors like Fitbit and Apple Watch are also actively launching new products, making the competition more intense.

2. Peer evaluation analysis: Garmin's operating revenue growth rate is higher than the industry average, indicating its strong competitiveness in the market. Although other companies in the industry may face market saturation or increased competition, Garmin can maintain stable revenue growth with its unique product positioning and technological advantages.

Summary

Garmin's financial performance in 2024 is strong, with the growth in operating revenue mainly driven by increased market demand, new product launches, and effective marketing strategies. The company's competitiveness in the smart wearable device industry is continuously enhanced, showing good potential for future development.

Opportunities

1. With the popularity of healthy lifestyles, Garmin's product demand continues to rise, providing opportunities for revenue growth.

2. The launch of new products may attract more consumers, further boosting sales.

3. The continuous expansion of the global market, especially in the Asia-Pacific region, provides new growth points for Garmin.

4. Innovative marketing strategies and product promotion help restore and enhance Garmin's performance in the outdoor smart wearable business segment.

Risks

1. Intensified competition in the industry may lead to a decline in market share, affecting the company's operating revenue.

2. If new products fail to meet market demand, it may affect sales and the company's profitability.

3. Global economic fluctuations may affect consumer spending, thus affecting the company's overall performance.

4. If the outdoor smart wearable business segment fails to improve its performance in 2023, it may put pressure on the company's overall financial performance.

Comments

smalltimerecycling

04/25

"Harvard and Yale are selling their private equity portfolios, which is like the 'sell low' moment in a sitcom. It's ironic that these institutions, known for their financial acumen, are now scrambling for liquidity. The private equity market might be in for a rough ride, but at least they're not alone in this mess.

pd14200

04/25

@smalltimerecycling Guess Harvard and Yale are doing a "buy low, sell high" flip. Who needs alpha when you need omega for liquidity? 🤔

nicpro85

04/25

Private equity market might get rocky. Harvard and Yale dumping assets could trigger a broader correction. Hold on to your $AAPL, folks.

fluffnstuff1

04/25

Harvard's $124B in unpaid commitments is wild. Wonder how many other endowments are in similar boat. Time to review those portfolios.

thelastsubject123

04/25

Illiquidity is a real issue now. These big sales might force a reevaluation of valuations across the board. 🤔

Na-bro

04/25

@thelastsubject123 Totally, illiquidity's a big deal.

Gnurx

04/25

@thelastsubject123 Think valuations will drop?

gameon-manhattan

04/25

Harvard and Yale dumping private equity like it's hot potato. Smart move or panic sell? 🤔

313deezy

04/25

@gameon-manhattan Panic sell? Maybe. But who doesn't want liquidity when it's tight?

Manufactured907Luck

04/25

@gameon-manhattan Smart move. Liquidity issues are real.

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04/25

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15 hour ago

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14 hour ago

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mattko

04/29

Enterprise focus might save $PD from price wars. They're going where margins are fatter. Smart play in a shaky market.

Ambitious_Orchid_239

04/29

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Historical_Ebb_7777

04/29

Enterprise focus might shield $PD from market dips.

SeriousTsuki

04/29

Carty's resume looks solid, bullish on $PD.

Bothurin

04/29

Scalar Gauge's move looks solid. 9.5% stake and they're playing nice. Could be a long-term win for both parties.

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04/29

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DrixGod

04/29

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04/29

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04/29

Scalar Gauge's play here seems legit, long-term vibes.

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04/29

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04/29

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04/29

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05/14

$WING's valuation is a steal. 18x forward EBITDA? When growth is 30%+, it's like they're printing money.

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05/14

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05/14

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05/14

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05/14

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05/14

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05/14

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05/14

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05/14

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05/14

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05/14

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05/08

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05/08

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05/08

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05/02

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04/30

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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.