Coach (NYSE: COH) reported earnings on Oct. 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 29 (Q1), Coach met expectations on revenues and met expectations on earnings per share.

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

Gross margins were steady, operating margins contracted, net margins dropped.

Revenue details
 Coach booked revenue of $1.16 billion. The 26 analysts polled by S&P Capital IQ expected to see a top line of $1.16 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.05 billion.

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 $0.77. The 25 earnings estimates compiled by S&P Capital IQ forecast $0.76 per share. GAAP EPS of $0.77 for Q1 were 5.5% higher than the prior-year quarter's $0.73 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 72.8%, about the same as the prior-year quarter. Operating margin was 28.6%, 210 basis points worse than the prior-year quarter. Net margin was 19.1%, 140 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.61 billion. On the bottom line, the average EPS estimate is $1.29.

Next year's average estimate for revenue is $5.31 billion. The average EPS estimate is $3.88.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,553 members out of 2,732 rating the stock outperform, and 179 members rating it underperform. Among 810 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 775 give Coach a green thumbs-up, and 35 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coach is outperform, with an average price target of $67.70.

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