Carter's (NYSE: CRI) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Carter's met expectations on revenues and beat expectations on earnings per share.

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

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

Revenue details
 Carter's reported revenue of $517.9 million. The five analysts polled by S&P Capital IQ looked for revenue of $520.3 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $472.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.46. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. Non-GAAP EPS of $0.46 for Q2 were 24% higher than the prior-year quarter's $0.37 per share. GAAP EPS of $0.33 for Q2 were 5.7% lower than the prior-year quarter's $0.35 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 42.5%, 370 basis points better than the prior-year quarter. Operating margin was 8.5%, 90 basis points better than the prior-year quarter. Net margin was 3.8%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $747.3 million. On the bottom line, the average EPS estimate is $1.06.

Next year's average estimate for revenue is $2.62 billion. The average EPS estimate is $3.33.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 272 members out of 281 rating the stock outperform, and nine members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give Carter's a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carter's is outperform, with an average price target of $68.89.

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