Lululemon Athletica (Nasdaq: LULU) reported earnings on Sep. 7. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended July 29 (Q2), Lululemon Athletica met expectations on revenues and beat expectations on earnings per share.

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

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

Revenue details
 Lululemon Athletica logged revenue of $282.6 million. The 21 analysts polled by S&P Capital IQ predicted revenue of $286.2 million on the same basis. GAAP reported sales were 33% higher than the prior-year quarter's $212.3 million.

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 $0.34. The 20 earnings estimates compiled by S&P Capital IQ averaged $0.31 per share. GAAP EPS of $0.39 for Q2 were 50% higher than the prior-year quarter's $0.26 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 55.1%, 240 basis points worse than the prior-year quarter. Operating margin was 24.8%, 320 basis points worse than the prior-year quarter. Net margin was 20.2%, 210 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $304.6 million. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is $1.76.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,002 members out of 1,330 rating the stock outperform, and 328 members rating it underperform. Among 359 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 266 give Lululemon Athletica a green thumbs-up, and 93 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lululemon Athletica is outperform, with an average price target of $74.80.

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