Garmin announces second quarter 2022 results

Schaffhausen, switzerland--(business wire)--garmin® ltd. (nyse: grmn) today announced results for the second quarter ended june 25, 2022. highlights for second quarter 2022 include: consolidated revenue of $1.24 billion, a 6% decrease compared to the strong, pandemic-driven prior year quarter the year-over-year strengthening of the u.s. dollar relative to other major currencies unfavorably impacted consolidated revenue by approximately $57 million gross and operating margins were 58.7% and 23.6
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