True Religion Apparel (Nasdaq: TRLG) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), True Religion Apparel beat expectations on both revenue and earnings per share.

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

Gross margin contracted, while both operating margin and net margin increased.

Revenue details
True Religion Apparel logged revenue of $106.8 million. The seven analysts polled by S&P Capital IQ expected a top line of $102.1 million on the same basis. GAAP-reported sales were 14% higher than the prior-year quarter's $93.8 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 seven earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.41 for Q1 were 14% higher than the prior-year quarter's $0.36 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 64.5%, 30 basis points worse than the prior-year quarter. Operating margin was 16.1%, 30 basis points better than the prior-year quarter. Net margin was 9.8%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $107.3 million. On the bottom line, the average EPS estimate is $0.38.

Next year's average estimate for revenue is $461.7 million. The average EPS estimate is $1.95.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 506 members rating the stock outperform and 72 members rating it underperform. Among 157 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 134 give True Religion Apparel a green thumbs-up, and 23 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on True Religion Apparel is outperform, with an average price target of $33.17.

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