Ralph Lauren (NYSE: RL) reported earnings on Aug. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q1), Ralph Lauren met expectations on revenues and beat expectations on earnings per share.

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

Gross margins shrank, operating margins dropped, and net margins were steady.

Revenue details
Ralph Lauren booked revenue of $1.59 billion. The 13 analysts polled by S&P Capital IQ foresaw a top line of $1.58 billion on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $1.53 billion.

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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 $2.03. The 16 earnings estimates compiled by S&P Capital IQ predicted $1.79 per share. GAAP EPS of $2.03 for Q1 were 6.8% higher than the prior-year quarter's $1.90 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 62.3%, 70 basis points worse than the prior-year quarter. Operating margin was 18.3%, 20 basis points worse than the prior-year quarter. Net margin was 12.1%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.98 billion. On the bottom line, the average EPS estimate is $2.50.

Next year's average estimate for revenue is $7.24 billion. The average EPS estimate is $7.95.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 366 members rating the stock outperform and 87 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give Ralph Lauren a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ralph Lauren is outperform, with an average price target of $173.71.