Garmin Ltd. and Subsidiaries |
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Net Sales, Gross Profit and Operating Income by Segment (Unaudited) |
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(In thousands) |
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| Auto |
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| Fitness |
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| Outdoor |
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| 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 September 24, 2022 |
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Net sales |
| $ | 279,875 |
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| $ | 340,388 |
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| $ | 188,043 |
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| $ | 196,506 |
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| $ | 135,622 |
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| $ | 66,444 |
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| $ | 69,178 |
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| $ | 1,140,434 |
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Gross profit |
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| 147,716 |
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| 219,980 |
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| 137,732 |
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| 110,747 |
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| 54,324 |
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| 30,432 |
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| 23,892 |
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| 670,499 |
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Operating income (loss) |
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| 40,850 |
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| 120,842 |
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| 48,487 |
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| 44,950 |
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| (15,756) |
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| 2,105 |
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| (17,861) |
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| 239,373 |
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| 13-Weeks Ended September 25, 2021 |
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| Net sales |
| $ | 342,316 |
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| $ | 323,856 |
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| $ | 180,165 |
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| $ | 207,534 |
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| $ | 138,102 |
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| $ | 82,914 |
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| $ | 55,188 |
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| $ | 1,191,973 |
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| Gross profit |
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| 183,028 |
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| 210,522 |
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| 131,260 |
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| 116,152 |
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| 54,985 |
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| 39,342 |
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| 15,643 |
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| 695,947 |
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| Operating income (loss) |
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| 74,469 |
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| 122,875 |
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| 51,747 |
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| 55,142 |
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| (21,563) |
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| 11,979 |
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| (33,542) |
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| 282,670 |
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| 39-Weeks Ended September 24, 2022 |
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| Net sales |
| $ | 772,867 |
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| $ | 1,106,908 |
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| $ | 567,548 |
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| $ | 693,369 |
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| $ | 413,239 |
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| $ | 211,902 |
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| $ | 201,337 |
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| $ | 3,553,931 |
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| Gross profit |
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| 387,921 |
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| 720,731 |
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| 413,206 |
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| 376,734 |
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| 163,213 |
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| 98,645 |
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| 64,568 |
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| 2,061,805 |
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| Operating income (loss) |
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| 64,894 |
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| 424,071 |
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| 150,359 |
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| 172,451 |
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| (51,104) |
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| 15,058 |
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| (66,162) |
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| 760,671 |
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| 39-Weeks Ended September 25, 2021 |
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| Net sales |
| $ | 1,063,642 |
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| $ | 903,715 |
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| $ | 534,886 |
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| $ | 678,698 |
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| $ | 410,265 |
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| $ | 231,587 |
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| $ | 178,678 |
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| $ | 3,591,206 |
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| Gross profit |
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| 581,765 |
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| 590,355 |
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| 389,376 |
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| 390,141 |
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| 166,717 |
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| 113,567 |
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| 53,150 |
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| 2,118,354 |
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| Operating income (loss) |
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| 258,884 |
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| 335,728 |
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| 147,888 |
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| 209,140 |
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| (48,140) |
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| 37,371 |
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| (85,511) |
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| 903,500 |
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Garmin announces third quarter 2022 results
The following table includes supplemental financial information for the consumer auto and auto OEM operating segments that management believes is useful.
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