Garmin says trade publication's report is inaccurate

Published online: Jan 07, 2009 News Soundings Trade Only
Viewed 99 time(s)
The story contains a number of inaccuracies in both sales figures and product rollout schedules, according to Garmin.
"Black Friday sales from our customers were what we expected, and gross margins remain relatively strong," said Kevin Rauckman, Garmin CFO and treasurer, in a statement. "However, the December sales environment is weaker, which we attribute to our retail customers' desire to exit the year with lower levels of inventory."
Garmin will update investors during its fourth quarter 2008 earnings call, scheduled for Feb. 25.

You May Also Be Interested In...

April 01, 2015

JC Manufacturing becomes JC TriToon Marine

Formerly known as JC Manufacturing, the Indiana-based pontoon manufacturer has officially changed its name to JC TriToon Marine.
March 31, 2015

Cascade Cycleboats launches pedal-powered boat tours

A rickshaw by any other name...wouldn't be a rickshaw anymore, I guess. But Cascade Cycleboats certainly evoke those three-wheeled conveyances of years past.
March 19, 2015

Carefree Boat Club adds location in Georgia

Carefree Boat Club has just opened a brand new location, adding to its ever-growing lineup.
March 17, 2015

World's fastest pontoon boat gets even faster

When you think of fast boats, a pontoon is probably pretty low on your list, just ahead of houseboats and tugboats. Brad Rowland begs to differ.
March 05, 2015

West Marine begins "Do It Yourselfie!" promotion

Show off your selfie fixing up your boat and West Marine could lend you a hand.
March 04, 2015

Pontoon Brands United

Premier Marine announced today the company will transfer the production of its Weeres and Palm Beach brands to its headquarters in Wyoming, Minn.
Follow us on Facebook!  Follow us on Instagram!  Follow us on Twitter!  Follow us on YouTube!