Garmin marks Q1 revenue growth in 4 of 5 business segments

Garmin CEO Cliff Pemble

Spring promotions and strong chartplotter demand drive marine division revenues to 10% YoY growth

Electronics manufacturer Garmin Ltd announced its 2023 first quarter financial results on Wednesday posting roughly flat year-over-year revenues as a decline in smartwatch sales was offset in part by strong performance from the company’s marine division.

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