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Jan 18

Garmin Reports Last Year’s Top Fitness Activities – Front Office Sports

Fitness Comments Off on Garmin Reports Last Year’s Top Fitness Activities – Front Office Sports

Garmins 2021 connected fitness report has provided insight into how consumers have stayed active amid a global pandemic.

From data collected through smartwatches, Garmin saw the number of indoor activities logged by its users double year-over-year. The Kansas-based company also reported a 9.5% uptick in outdoor activities in 2021 compared to the year prior.

Standout year-over-year growth for specific activities:

Consumers in North America participated in 34% more yoga activities and 28.5% more on bikes, while Eastern Europe saw an 85% uptick in yoga and a 66% increase in cycling.

South America reported a 125% spike in breathwork activities and an 87% increase in cycling.

Garmin posted $1.19 billion in revenue in Q3 2021, a 7% increase year-over-year. The performance was driven by the companys fitness segment, which generated $342.3 million in revenue during the quarter, up 4% compared to the same quarter a year earlier.

However, operating income was $283 million in Q3, an 11% decline compared to Q3 2020.

Garmin projects full-year revenue to reach roughly $4.9 billion, with growth in all segments.

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Garmin Reports Last Year's Top Fitness Activities - Front Office Sports

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