### Key Financial Metrics
- Revenue: $12.354 billion, down 8% YoY, impacted by franchise management actions.
- Gross Profit: $5.389 billion with a margin of 43.6%, down from 44.6%. Higher markdowns and strategic pricing actions contributed to this decline.
- Operating Income: $1.384 billion, yielding an operating margin of 11.2%, indicating a YoY decrease of 24.16%.
- Net Income: $1.163 billion or $0.78 per diluted share, reflecting a 26.3% decline from the previous year.
### Cash Flow and Balance Sheet
- Net Cash Provided by Operating Activities: $1.049 billion, supporting robust operating cash flow.
- Cash at Period-End: $7.979 billion, alongside short-term investments of $1.782 billion, reflecting healthy liquidity.
- Total Assets: $37.959 billion vs. Total Liabilities: $23.922 billion, indicating a strong equity position with total stockholders' equity of $14.037 billion, translating to a debt-equity ratio of 0.860.