3 Must-See Slides From Garmin's Investor Presentation
Garmin (NASDAQ: GRMN) is on a roll. The GPS device giant has posted record sales and profitability results in each of the last three years thanks to a deep product portfolio that sets it apart from more specialized companies like Fitbit.
Better yet, those records have come despite steady declines in what used to be its core sales category of automobile navigation products. By branching out into areas like marine and aviation devices, Garmin has insulated its portfolio from consumer demand shifts while pushing margins higher in the process.
The company's second-quarter report showed more progress along these lines, which led management to raise its full-year outlook for the fourth consecutive year. Below, we'll look at a few highlights from the investor presentation that CEO Cliff Pemble and his team issued to add context to those 2019 demand trends.
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