Garmin Ltd. and Subsidiaries
Net Sales, Gross Profit and Operating Income by Segment (Unaudited)
(In thousands)

The Company announced an organization realignment in January 2023, which combined the consumer auto operating segment with the outdoor operating segment. As a result, the Company's operating segments, which also represent our reportable segments, are fitness, outdoor, aviation, marine, and auto OEM. Results for the 13-week and 39-week periods ended September 24, 2022 have been recast below to conform with the current period presentation. This change had no effect on the Company's consolidated results of operations.

Fitness

Outdoor

Aviation

Marine

Auto
OEM

Total

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

13-Weeks Ended September 24, 2022

Net sales

$

279,875

$

406,832

$

188,043

$

196,506

$

69,178

$

1,140,434

Gross profit

147,716

250,412

137,732

110,747

23,892

670,499

Operating income (loss)

40,850

122,947

48,487

44,950

(17,861)

239,373

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

39-Weeks Ended September   24, 2022

Net sales

$

772,867

$

1,318,810

$

567,548

$

693,369

$

201,337

$

3,553,931

Gross profit

387,921

819,376

413,206

376,734

64,568

2,061,805

Operating income (loss)

64,894

439,129

150,359

172,451

(66,162)

760,671