True Religion Apparel (Nasdaq: TRLG) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), True Religion Apparel missed estimates on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins grew, net margins dropped.

Revenue details
True Religion Apparel booked revenue of $104.9 million. The six analysts polled by S&P Capital IQ expected a top line of $107.3 million on the same basis. GAAP reported sales were 6.8% higher than the prior-year quarter's $98.3 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 $0.39. The seven earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.39 for Q2 were 2.6% 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 64.3%, 120 basis points worse than the prior-year quarter. Operating margin was 15.9%, 50 basis points better than the prior-year quarter. Net margin was 9.3%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $120.1 million. On the bottom line, the average EPS estimate is $0.53.

Next year's average estimate for revenue is $467.8 million. The average EPS estimate is $1.97.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 489 members out of 560 rating the stock outperform, and 71 members rating it underperform. Among 138 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 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 $33.57.

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