Safeway (NYSE: SWY) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 23 (Q1), Safeway missed slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.

Gross margins dropped, operating margins dropped, net margins expanded.

Revenue details
 Safeway notched revenue of $9.99 billion. The 15 analysts polled by S&P Capital IQ expected to see revenue of $10.16 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.35. The 19 earnings estimates compiled by S&P Capital IQ averaged $0.36 per share. Non-GAAP EPS of $0.35 for Q1 were 17% higher than the prior-year quarter's $0.30 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.) GAAP EPS of $0.49 for Q1 were 81% higher than the prior-year quarter's $0.27 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.)

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 26.7%, 10 basis points worse than the prior-year quarter. Operating margin was 1.8%, 10 basis points worse than the prior-year quarter. Net margin was 1.2%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $10.44 billion. On the bottom line, the average EPS estimate is $0.51.

Next year's average estimate for revenue is $44.75 billion. The average EPS estimate is $2.28.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 377 members out of 463 rating the stock outperform, and 86 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 112 give Safeway 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 Safeway is hold, with an average price target of $23.50.

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