PetSmart (Nasdaq: PETM) reported earnings on May 22. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 29 (Q1), PetSmart beat slightly on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 PetSmart tallied revenue of $1.63 billion. The 21 analysts polled by S&P Capital IQ foresaw sales of $1.60 billion on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $1.49 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 $0.85. The 23 earnings estimates compiled by S&P Capital IQ predicted $0.73 per share. GAAP EPS of $0.85 for Q1 were 39% higher than the prior-year quarter's $0.61 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 30.5%, 90 basis points better than the prior-year quarter. Operating margin was 9.5%, 130 basis points better than the prior-year quarter. Net margin was 5.8%, 100 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.60 billion. On the bottom line, the average EPS estimate is $0.65.

Next year's average estimate for revenue is $6.70 billion. The average EPS estimate is $3.29.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 683 members out of 730 rating the stock outperform, and 47 members rating it underperform. Among 265 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 256 give PetSmart a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetSmart is outperform, with an average price target of $58.19.

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