Ingles Markets (Nasdaq: IMKTA) reported earnings on Jan. 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 24 (Q1), Ingles Markets met expectations on revenues and beat expectations on earnings per share.

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

Gross margins contracted, operating margins improved, net margins expanded.

Revenue details
Ingles Markets logged revenue of $918.2 million. The one analyst polled by S&P Capital IQ wanted to see revenue of $911.8 million. Sales were 5.2% higher than the prior-year quarter's $872.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.45. The one earnings estimate compiled by S&P Capital IQ forecast $0.44 per share. GAAP EPS of $0.84 for Q1 were 39% higher than the prior-year quarter's $0.31 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.0%, 20 basis points worse than the prior-year quarter. Operating margin was 3.3%, 30 basis points better than the prior-year quarter. Net margin was 1.2%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $890.9 million. On the bottom line, the average EPS estimate is $0.39.

Next year's average estimate for revenue is $3.62 billion. The average EPS estimate is $1.76.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ingles Markets is buy.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.