Starbucks (Nasdaq: SBUX) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 1 (Q2), Starbucks met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.

Gross margins shrank, operating margins contracted, and net margins grew.

Revenue details
Starbucks reported revenue of $3.20 billion. The 24 analysts polled by S&P Capital IQ expected revenue of $3.18 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $2.79 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.40. The 26 earnings estimates compiled by S&P Capital IQ anticipated $0.39 per share. GAAP EPS of $0.40 for Q2 were 18% higher than the prior-year quarter's $0.34 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 55.8%, 180 basis points worse than the prior-year quarter. Operating margin was 11.8%, 30 basis points worse than the prior-year quarter. Net margin was 9.7%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.31 billion. On the bottom line, the average EPS estimate is $0.46.

Next year's average estimate for revenue is $13.36 billion. The average EPS estimate is $1.86.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 6,024 members out of 7,669 rating the stock outperform, and 1,645 members rating it underperform. Among 2,191 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,986 give Starbucks a green thumbs-up, and 205 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Starbucks is outperform, with an average price target of $56.96.