GRMN - Garmin: Innovative Niche Products Will Lead To Continued Success

2024-07-02 08:11:37 ET

Summary

• Garmin has five unique operating segments. Four of which had double-digit revenue growth in Q1 2024.
• Continued R&D spend has led to innovative products loved by clients and consumers.
• Garmin has an experienced senior leadership team with the company's co-founders still owning a sizeable amount of the company. This leadership team has created a top-notch company culture.

I have always thought of Garmin as a company offering niche smartwatches for a variety of different consumers. As an outdoor enthusiast, I've often researched top running and hiking smartwatches. Garmin's products are typically always rated very well if not the best in their respective category .

However, after researching this company in more depth, Garmin is much more than niche smartwatches as they have a large variety of products in numerous operating segments....

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