Ralph Lauren (NYSE: RL) reported earnings on Nov. 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 29 (Q2), Ralph Lauren beat slightly on revenues and beat expectations on earnings per share.

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

Gross margins increased, operating margins increased, net margins dropped.

Revenue details
 Ralph Lauren recorded revenue of $1.86 billion. The 14 analysts polled by S&P Capital IQ wanted to see sales of $1.84 billion on the same basis. GAAP reported sales were 2.2% lower than the prior-year quarter's $1.90 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 $2.45. The 17 earnings estimates compiled by S&P Capital IQ anticipated $2.16 per share. GAAP EPS of $2.29 for Q2 were 6.9% lower than the prior-year quarter's $2.46 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 58.8%, 220 basis points better than the prior-year quarter. Operating margin was 18.7%, 30 basis points better than the prior-year quarter. Net margin was 11.5%, 80 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.93 billion. On the bottom line, the average EPS estimate is $2.29.

Next year's average estimate for revenue is $7.14 billion. The average EPS estimate is $7.87.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 365 members out of 451 rating the stock outperform, and 86 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give Ralph Lauren a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ralph Lauren is outperform, with an average price target of $171.57.

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