Garmin Is Tapping Into Post-Pandemic Trends. Could That Make You Rich?
Now that 2020 is in the rearview mirror and an end to the pandemic looks to be in reach, investors can assess whether, and how, changes brought on by the crisis will evolve from here. Consumer behavior was driven by necessity last year, but some trends look to be taking hold for the foreseeable future.
Outdoor recreation thrived during the pandemic as closed gyms and social distancing drove people to activities like boating, biking, and hiking. One consumer company servicing related demand is outdoor activity device maker Garmin (NASDAQ: GRMN). After a dip in sales during the second quarter of 2020, growth has accelerated beyond pre-pandemic levels, with no end in sight.
Garmin RV GPS navigator. Image source: Garmin.
Source Fool.com