Logitech Q1 FY2017 Financial Results

Logitech reported better-than-expected Q1 FY2017 results with retail sales up 13% year-over-year and broad-based growth across product categories and regions. Gross margin recovered to 35%+ ahead of plan, driven by cost reductions and improved product mix. The company raised its full-year outlook with expected retail sales growth of 8-10% in constant currency and non-GAAP operating income of $195-205M.