Garmin’s FY 2022 net sales down 2% y/y to USD4.86 billion

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Financial results

Garmin expects a revenue of about USD5 billion for FY 2023

Garmin has reported a 2% year-on-year (y/y) decrease in net sales for FY 2022 to USD4.86 billion, according to an official filing on 22 February.

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