Garmin announces third quarter 2024 results

 

Garmin Ltd. and Subsidiaries

Net Sales, Gross Profit and Operating Income by Segment (Unaudited)

(In thousands)




Fitness



Outdoor



Aviation



Marine



Auto
OEM



Total


13-Weeks Ended September 28, 2024


Net sales


$

463,887



$

526,551



$

204,631



$

222,244



$

168,709



$

1,586,022


Gross profit



283,325




358,693




154,138




122,433




33,010




951,599


Operating income (loss)



147,768




208,866




44,278




37,839




(1,276)




437,475



























13-Weeks Ended September 30, 2023


Net sales


$

352,976



$

433,997



$

198,160



$

182,248



$

110,150



$

1,277,531


Gross profit



190,685




270,774




148,364




95,186




23,560




728,569


Operating income (loss)



74,614




136,401




49,269




23,850




(13,765)




270,369



























39-Weeks Ended September   28, 2024


Net sales


$

1,235,182



$

1,332,617



$

639,739



$

821,933



$

444,871



$

4,474,342


Gross profit



723,375




885,646




478,131




449,472




80,006




2,616,630


Operating income (loss)



323,511




451,408




146,899




185,422




(29,327)




1,077,913



























39-Weeks Ended September   30, 2023


Net sales


$

932,561



$

1,210,773



$

629,195



$

677,026



$

296,196



$

3,745,751


Gross profit



484,759




755,800




463,774




365,162




71,311




2,140,806


Operating income (loss)



139,651




351,399




169,730




142,135




(51,209)




751,706



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