Genesco (NYSE: GCO) reported earnings on May 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 4 (Q1), Genesco missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share dropped. GAAP earnings per share shrank.

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

Revenue details
Genesco reported revenue of $591.4 million. The nine analysts polled by S&P Capital IQ predicted revenue of $604.4 million 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 $0.94. The nine earnings estimates compiled by S&P Capital IQ forecast $0.85 per share. Non-GAAP EPS of $0.94 for Q1 were 4.1% lower than the prior-year quarter's $0.98 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.78 for Q1 were 8.2% lower than the prior-year quarter's $0.85 per share. (The prior-year quarter included -$0.01 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 50.5%, 100 basis points worse than the prior-year quarter. Operating margin was 6.2%, 20 basis points better than the prior-year quarter. Net margin was 3.1%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $605.3 million. On the bottom line, the average EPS estimate is $0.58.

Next year's average estimate for revenue is $2.73 billion. The average EPS estimate is $5.63.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 117 members out of 133 rating the stock outperform, and 16 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Genesco a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Genesco is buy, with an average price target of $72.88.

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