Garmin Q2 Earnings: 3 Trends to Watch
Garmin (NYSE: GRMN) investors have some big questions heading into the GPS-focused device maker's upcoming earnings report. Executives warned about an "increasingly complex and challenging business environment" in the company's prior outing back in late April. At the time, Garmin reported slowing growth and declining profitability. Wall Street is bracing for more of the same next week.
With that big picture in mind, let's look at three key trends to follow in Garmin's second-quarter announcement, set for Wednesday, July 27.
Garmin's fiscal Q1 report contained some warning signs around demand that have investors worried heading into this week's announcement. Yes, overall sales rose 9% to set another quarterly record. But two of Garmin's five core divisions stumbled. Sales were flat in the aviation unit and dove 28% in the fitness unit that's home to its wearable devices.
Source Fool.com
