Garmin Ltd. and Subsidiaries |
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Net Sales, Gross Profit and Operating Income by Segment |
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(In thousands) |
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Auto |
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|||||||||
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Fitness |
|
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Outdoor |
|
|
Aviation |
|
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Marine |
|
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Total Auto |
|
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Consumer Auto |
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Auto OEM |
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Total |
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| 13-Weeks Ended December 25, 2021 |
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|
|
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| Net sales |
|
$ |
470,146 |
|
|
$ |
378,218 |
|
|
$ |
177,582 |
|
|
$ |
196,454 |
|
|
$ |
169,189 |
|
|
$ |
93,143 |
|
|
$ |
76,046 |
|
|
$ |
1,391,589 |
|
| Gross profit |
|
|
231,560 |
|
|
|
244,482 |
|
|
|
130,445 |
|
|
|
105,170 |
|
|
|
60,448 |
|
|
|
40,257 |
|
|
|
20,191 |
|
|
|
772,105 |
|
| Operating income (loss) |
|
|
104,085 |
|
|
|
141,747 |
|
|
|
44,800 |
|
|
|
39,158 |
|
|
|
(14,671 |
) |
|
|
10,213 |
|
|
|
(24,884 |
) |
|
|
315,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 13-Weeks Ended December 26, 2020 |
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|||||||||||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales |
|
$ |
470,811 |
|
|
$ |
411,935 |
|
|
$ |
156,969 |
|
|
$ |
171,579 |
|
|
$ |
140,111 |
|
|
$ |
78,552 |
|
|
$ |
61,559 |
|
|
$ |
1,351,405 |
|
| Gross profit |
|
|
250,603 |
|
|
|
270,627 |
|
|
|
114,237 |
|
|
|
96,347 |
|
|
|
59,169 |
|
|
|
41,516 |
|
|
|
17,653 |
|
|
|
790,983 |
|
| Operating income (loss) |
|
|
128,809 |
|
|
|
179,028 |
|
|
|
33,718 |
|
|
|
41,530 |
|
|
|
(11,819 |
) |
|
|
15,836 |
|
|
|
(27,655 |
) |
|
|
371,266 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 52-Weeks Ended December 25, 2021 |
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|||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales |
|
$ |
1,533,788 |
|
|
$ |
1,281,933 |
|
|
$ |
712,468 |
|
|
$ |
875,151 |
|
|
$ |
579,455 |
|
|
$ |
324,731 |
|
|
$ |
254,724 |
|
|
$ |
4,982,795 |
|
| Gross profit |
|
|
813,325 |
|
|
|
834,837 |
|
|
|
519,821 |
|
|
|
495,310 |
|
|
|
227,166 |
|
|
|
153,825 |
|
|
|
73,341 |
|
|
|
2,890,459 |
|
| Operating income (loss) |
|
|
372,575 |
|
|
|
480,777 |
|
|
|
191,775 |
|
|
|
244,199 |
|
|
|
(70,706 |
) |
|
|
45,603 |
|
|
|
(116,309 |
) |
|
|
1,218,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 52-Weeks Ended December 26, 2020 |
|
|||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales |
|
$ |
1,317,498 |
|
|
$ |
1,128,081 |
|
|
$ |
622,820 |
|
|
$ |
657,848 |
|
|
$ |
460,326 |
|
|
$ |
275,493 |
|
|
$ |
184,833 |
|
|
$ |
4,186,573 |
|
| Gross profit |
|
|
697,539 |
|
|
|
739,777 |
|
|
|
453,008 |
|
|
|
384,450 |
|
|
|
206,562 |
|
|
|
139,864 |
|
|
|
66,698 |
|
|
|
2,481,336 |
|
| Operating income (loss) |
|
|
318,884 |
|
|
|
441,085 |
|
|
|
137,203 |
|
|
|
175,724 |
|
|
|
(18,656 |
) |
|
|
41,464 |
|
|
|
(60,120 |
) |
|
|
1,054,240 |
|
| Garmin Ltd. and Subsidiaries |
|
|||||||||||||||||||||||
| Net Sales by Geography |
|
|||||||||||||||||||||||
| (In thousands) |
|
|||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13-Weeks Ended |
|
|
52-Weeks Ended |
|
||||||||||||||||||
|
|
|
December 25, |
|
|
December 26, |
|
|
YoY |
|
|
December 25, |
|
|
December 26, |
|
|
YoY |
|
||||||
|
|
|
2021 |
|
|
2020 |
|
|
Change |
|
|
2021 |
|
|
2020 |
|
|
Change |
|
||||||
| Net sales |
|
$ |
1,391,589 |
|
|
$ |
1,351,405 |
|
|
3% |
|
|
$ |
4,982,795 |
|
|
$ |
4,186,573 |
|
|
19% |
|
||
| Americas |
|
|
626,099 |
|
|
|
595,720 |
|
|
5% |
|
|
|
2,349,515 |
|
|
|
1,968,080 |
|
|
19% |
|
||
| EMEA |
|
|
528,053 |
|
|
|
536,822 |
|
|
(2)% |
|
|
|
1,858,907 |
|
|
|
1,579,749 |
|
|
18% |
|
||
| APAC |
|
|
237,437 |
|
|
|
218,863 |
|
|
8% |
|
|
|
774,373 |
|
|
|
638,744 |
|
|
21% |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EMEA - Europe, Middle East and Africa |
|
|||||||||||||||||||||||
| APAC - Asia Pacific and Australian Continent |
|
|||||||||||||||||||||||
