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What changed in GRMN's 10-Q
Source: 10-Q filed 2026-04-29 · compared against 10-Q 2025-10-29. Every passage below is quoted verbatim from the filing itself.
Revenue and Growth
This filing
Fitness was the largest portion of our revenue mix in the first quarter of 2026 at 31%
Margins
This filing
Consolidated gross margin as a percent of net sales increased 180 basis points ... primarily due to favorable foreign currency impacts on sales.
Operating Leverage
This filing
Total operating expense ... decreased 110 basis points as a percent of revenue
Tax Rate
This filing
The effective tax rate was 14.3% in the first quarter of 2026, which is comparable to 14.5% in the first quarter of 2025
Legal / Regulatory
This filing
On February 20, 2026, the U.S. Supreme Court ruled that the tariffs imposed under the International Emergency Economic Powers Act ... were unauthorized.
Cash and Liquidity
This filing
we had approximately $4.3 billion of cash, cash equivalents and marketable securities
Segment Performance - Outdoor
This filing
Outdoor revenue decreased primarily due to the adventure watch product category comparing against a strong prior year product launch
What it means — the analyst reading
The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.
See the Filing Change Monitor →Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.