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