Whole Foods Market (Nasdaq: WFM) reported earnings on May 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 14 (Q2), Whole Foods Market met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Whole Foods Market recorded revenue of $3.03 billion. The 22 analysts polled by S&P Capital IQ predicted net sales of $3.03 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $2.67 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 $0.76. The 25 earnings estimates compiled by S&P Capital IQ predicted $0.73 per share. GAAP EPS of $0.76 for Q2 were 19% higher than the prior-year quarter's $0.64 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 36.4%, 10 basis points better than the prior-year quarter. Operating margin was 7.6%, 40 basis points better than the prior-year quarter. Net margin was 4.7%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $3.10 billion. On the bottom line, the average EPS estimate is $0.74.

Next year's average estimate for revenue is $13.06 billion. The average EPS estimate is $2.89.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,671 members out of 5,238 rating the stock outperform, and 567 members rating it underperform. Among 1,546 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,452 give Whole Foods Market a green thumbs-up, and 94 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Whole Foods Market is outperform, with an average price target of $102.18.

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