Garmin reports fourth quarter results

Schaffhausen, switzerland--(business wire)--garmin® ltd. (nasdaq: grmn), today announced results for the fourth quarter and fiscal year ended december 26, 2020. highlights for fourth quarter 2020 include: total revenue of $1.35 billion, a 23% increase over the prior year quarter, led by robust growth in the marine, fitness and outdoor segments gross margin of 58.5% compared to 58.0% in the prior year quarter operating margin improved to 27.5% compared to 25.1% in the prior year quarter operatin
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