lululemon athletica (Nasdaq: LULU) reported earnings on June 7. Here are the numbers you need to know.

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

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

Margins shrank across the board.

Revenue details
Lululemon reported revenue of $285.7 million. The 19 analysts polled by S&P Capital IQ predicted revenue of $274.1 million on the same basis. GAAP reported sales were 53% higher than the prior-year quarter's $186.8 million.

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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 $0.32. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.31 per share. GAAP EPS of $0.30 for Q1 were 30% higher than the prior-year quarter's $0.23 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 55.0%, 370 basis points worse than the prior-year quarter. Operating margin was 25.6%, 210 basis points worse than the prior-year quarter. Net margin was 15.3%, 260 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $292.9 million. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $1.37 billion. The average EPS estimate is $1.68.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS. Among 362 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 252 give Lululemon a green thumbs-up, and 110 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lululemon is outperform, with an average price target of $78.56.

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