ConAgra Foods (NYSE: CAG) reported earnings on June 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 26 (Q4), ConAgra Foods met expectations on revenues and beat slightly on earnings per share.

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

Margins expanded across the board.

Revenue details
ConAgra Foods logged revenue of $4.59 billion. The 12 analysts polled by S&P Capital IQ predicted sales of $4.60 billion on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $3.41 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 $0.60. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.59 per share. Non-GAAP EPS of $0.60 for Q4 were 18% higher than the prior-year quarter's $0.51 per share. GAAP EPS were $0.45 for Q4 versus -$0.15 per share for the prior-year quarter.

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 20.7%, 60 basis points better than the prior-year quarter. Operating margin was 8.3%, 980 basis points better than the prior-year quarter. Net margin was 4.2%, 600 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $4.51 billion. On the bottom line, the average EPS estimate is $0.52.

Next year's average estimate for revenue is $18.63 billion. The average EPS estimate is $2.48.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 623 members out of 693 rating the stock outperform, and 70 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 191 give ConAgra Foods a green thumbs-up, and 11 give it a red thumbs-down.

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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 has no position in any of the stocks mentioned. 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.