Walgreen (NYSE: WAG) reported earnings on Dec. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Nov. 30 (Q1), Walgreen met expectations on revenues and whiffed on earnings per share.

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

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

Revenue details
Walgreen booked revenue of $17.34 billion. The 14 analysts polled by S&P Capital IQ foresaw a top line of $17.56 billion on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $18.16 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 $0.58. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.70 per share. GAAP EPS of $0.43 for Q1 were 32% lower than the prior-year quarter's $0.63 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 29.4%, 130 basis points better than the prior-year quarter. Operating margin was 4.4%, 60 basis points worse than the prior-year quarter. Net margin was 2.4%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $18.89 billion. On the bottom line, the average EPS estimate is $0.95.

Next year's average estimate for revenue is $73.42 billion. The average EPS estimate is $3.23.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,099 members out of 2,241 rating the stock outperform, and 142 members rating it underperform. Among 571 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 543 give Walgreen a green thumbs-up, and 28 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Walgreen is hold, with an average price target of $38.55.

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