Garmin Projects Another Double-Digit Growth Year Ahead
Investors weren't optimistic heading into the fourth-quarter earnings report from Garmin (NYSE: GRMN). While the tech product specialist was set to announce another year of strong sales growth, Wall Street worried about rising costs and a potential slowdown ahead after two years of booming demand in niches like smartwatches and marine navigation platforms.
Garmin's actual results eased a few of those concerns. While revenue gains are indeed set to slow down in 2022, the company is targeting a seventh consecutive year of growth as profitability begins to recover from supply chain pinches.
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Source Fool.com
