Williams-Sonoma (NYSE: WSM) reported earnings on May 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 5 (Q1), Williams-Sonoma beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins increased, net margins expanded.

Revenue details
 Williams-Sonoma logged revenue of $887.8 million. The 22 analysts polled by S&P Capital IQ foresaw sales of $868.1 million on the same basis. GAAP reported sales were 8.6% higher than the prior-year quarter's $817.6 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 $0.41. The 24 earnings estimates compiled by S&P Capital IQ forecast $0.36 per share. Non-GAAP EPS of $0.41 for Q1 were 21% higher than the prior-year quarter's $0.34 per share. GAAP EPS of $0.40 for Q1 were 33% higher than the prior-year quarter's $0.30 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 37.6%, 20 basis points worse than the prior-year quarter. Operating margin was 7.2%, 30 basis points better than the prior-year quarter. Net margin was 4.4%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $937.1 million. On the bottom line, the average EPS estimate is $0.47.

Next year's average estimate for revenue is $4.27 billion. The average EPS estimate is $2.79.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 263 members out of 357 rating the stock outperform, and 94 members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Williams-Sonoma a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Williams-Sonoma is hold, with an average price target of $50.43.

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