lululemon athletica (Nasdaq: LULU) reported earnings on March 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 29 (Q4), Lululemon beat expectations on revenue and beat expectations on earnings per share.

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

Gross margin dropped, operating margin improved, and net margin shrank.

Revenue details
Lululemon chalked up revenue of $371.5 million. The 16 analysts polled by S&P Capital IQ expected revenue of $362.1 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $245.4 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 $0.51. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.49 per share. GAAP EPS of $0.51 for Q4 were 34% higher than the prior-year quarter's $0.38 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 56.3%, 220 basis points worse than the prior-year quarter. Operating margin was 31.2%, 140 basis points better than the prior-year quarter. Net margin was 19.8%, 250 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $257.7 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $1.33 billion. The average EPS estimate is $1.61.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 909 members out of 1,246 rating the stock outperform, and 337 members rating it underperform. Among 379 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 273 give Lululemon a green thumbs-up, and 106 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lululemon is outperform, with an average price target of $62.89.

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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. The Motley Fool owns shares of Lululemon. Motley Fool newsletter services have recommended buying shares of Lululemon. The Motley Fool has a disclosure policy.