United Natural Foods (Nasdaq: UNFI) reported earnings on Nov. 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Oct. 27 (Q1), United Natural Foods beat slightly on revenues and met expectations on earnings per share.

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

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

Revenue details
United Natural Foods notched revenue of $1.41 billion. The 14 analysts polled by S&P Capital IQ hoped for a top line of $1.39 billion on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $1.22 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 $0.46. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.46 per share. GAAP EPS of $0.43 for Q1 were 39% higher than the prior-year quarter's $0.31 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 16.7%, 110 basis points worse than the prior-year quarter. Operating margin was 2.7%, 10 basis points better than the prior-year quarter. Net margin was 1.5%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.44 billion. On the bottom line, the average EPS estimate is $0.50.

Next year's average estimate for revenue is $5.97 billion. The average EPS estimate is $2.22.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 258 members out of 297 rating the stock outperform, and 39 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give United Natural Foods a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Natural Foods is outperform, with an average price target of $59.13.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.