Garmin announces fourth quarter and fiscal year 2021 results

Schaffhausen, switzerland--(business wire)--garmin® ltd. (nyse: grmn), today announced results for the fourth quarter and fiscal year ended december 25, 2021. highlights for fourth quarter 2021 include: record consolidated revenue of $1.39 billion, a 3% increase over the prior year quarter with three of our segments posting strong double digit growth gross and operating margins were 55.5% and 22.6%, respectively operating income of $315 million, a 15% decrease compared to the prior year quarter
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