Tumi Holdings (NYSE: TUMI) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Tumi Holdings beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins contracted, operating margins expanded, net margins expanded.

Revenue details
 Tumi Holdings reported revenue of $102.9 million. The five analysts polled by S&P Capital IQ anticipated revenue of $96.1 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $80.0 million.

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 $0.16. The six earnings estimates compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS of $0.16 for Q1 were 167% higher than the prior-year quarter's $0.06 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 56.4%, 30 basis points worse than the prior-year quarter. Operating margin was 17.1%, 50 basis points better than the prior-year quarter. Net margin was 10.2%, 660 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $114.9 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $491.8 million. The average EPS estimate is $0.90.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 14 members out of 26 rating the stock outperform, and 12 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Tumi Holdings a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tumi Holdings is outperform, with an average price target of $27.75.

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