How does NKE's earnings performance compare to peers?

Nike's net income of $794 million and diluted EPS of $0.54 for the latest report period indicate a solid earnings performance despite a 9% decline in sales and 4-5 percentage points decrease in gross margins due to excess inventory and outdated styles, and tariffs on Chinese and Mexican products. Its peers, Adidas and Puma, have lower net incomes of $391.32 million and $19.31 million, respectively, while Under Armour has a net income of $1.23 million. Nike's revenue of $11.27 billion also surpasses its peers, with Adidas reporting $2.42 billion and Puma $59.08 million, and Under Armour $1.4 billion. Nike's earnings performance is robust compared to its peers, showing its strong market position and brand resilience.