### Revenue Performance
- Total Revenue: $12.43 billion, up 0.31% YoY, down 7.16% QoQ
- Gross Profit: $5.56 billion (44.8% margin), up 3.56% YoY, down 6.85% QoQ
- Operating Income: $1.34 billion (10.8% margin), up 5.36% YoY, down 26.79% QoQ
- Net Income: $1.17 billion, down 5.48% YoY, down 25.73% QoQ
- EPS: $0.77, down 3.75% YoY, down 25.96% QoQ
### Profitability Ratios
- Gross Margin: 44.8% (up from 43.3% YoY)
- Operating Margin: 10.8%
- Net Profit Margin: 9.4%
### Balance Sheet Health
- Current Ratio: 2.74
- Total Assets: $37.36 billion
- Total Liabilities: $23.13 billion
- Total Stockholders Equity: $14.23 billion
### Cash Flow
- Operating Cash Flow: $2.06 billion
- Free Cash Flow: $1.92 billion
- Cash at End of Period: $8.96 billion
### Strategic Initiatives
- Focus on innovation (Air technology) and optimizing wholesale partnerships
- Increased investment to enhance brand marketing campaigns
- Initiatives to improve direct consumer engagement.