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 June 29, 2024

Net sales

$

428,404

$

439,872

$

218,253

$

272,953

$

147,189

$

1,506,671

Gross profit

245,248

284,214

161,366

147,787

24,276

862,891

Operating income (loss)

107,610

135,592

50,485

59,892

(11,552)

342,027

13-Weeks Ended July 1, 2023

Net sales

$

334,863

$

448,114

$

217,454

$

215,802

$

104,562

$

1,320,795

Gross profit

173,163

280,078

160,957

120,344

24,900

759,442

Operating income (loss)

54,458

138,255

62,766

46,377

(17,501)

284,355

26-Weeks Ended June 29, 2024

Net sales

$

771,296

$

806,065

$

435,108

$

599,689

$

276,162

$

2,888,320

Gross profit

440,050

526,953

323,992

327,039

46,996

1,665,030

Operating income (loss)

175,743

242,543

102,619

147,583

(28,051)

640,437

26-Weeks Ended July 1, 2023

Net sales

$

579,584

$

776,776

$

431,036

$

494,777

$

186,046

$

2,468,219

Gross profit

294,073

485,026

315,410

269,976

47,751

1,412,236

Operating income (loss)

65,036

214,999

120,460

118,285

(37,443)

481,337