Logitech quarterly sales fall 20%

2022.05.03 04:30

Logitech logo and stock graph are seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – Logitech (NASDAQ:LOGI) International reported a 20% drop in sales for its fourth quarter on Tuesday, as the computer mice, webcam and keyboard maker lapped high comparables from a year earlier.

Sales fell to $1.23 billion for the three months to the end of March from $1.54 billion a year earlier, when sales were massively boosted by people buying peripherals to equip their home offices during the pandemic.

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