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

The 10-second takeaway
For the quarter ended Dec. 29 (Q2), Coach missed estimates on revenues and missed estimates on earnings per share.

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

Gross margins were steady, operating margins increased, net margins shrank.

Revenue details
Coach booked revenue of $1.50 billion. The 28 analysts polled by S&P Capital IQ foresaw a top line of $1.60 billion on the same basis. GAAP reported sales were 3.8% higher than the prior-year quarter's $1.45 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 $1.23. The 29 earnings estimates compiled by S&P Capital IQ predicted $1.28 per share. GAAP EPS of $1.23 for Q2 were 4.2% higher than the prior-year quarter's $1.18 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 72.2%, about the same as the prior-year quarter. Operating margin was 35.0%, 40 basis points better than the prior-year quarter. Net margin was 23.5%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $0.86.

Next year's average estimate for revenue is $5.31 billion. The average EPS estimate is $3.87.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,600 members out of 2,772 rating the stock outperform, and 172 members rating it underperform. Among 840 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 814 give Coach a green thumbs-up, and 26 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 $67.82.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Coach. The Motley Fool owns shares of Coach. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.