Fresh Del Monte Produce (NYSE: FDP) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 28 (Q2), Fresh Del Monte Produce beat expectations on revenues and crushed expectations on earnings per share.

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

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

Revenue details
Fresh Del Monte Produce chalked up revenue of $1.02 billion. The two analysts polled by S&P Capital IQ predicted a top line of $955.6 million on the same basis. GAAP reported sales were 6.9% higher than the prior-year quarter's $957.6 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 $1.02. The three earnings estimates compiled by S&P Capital IQ forecast $0.81 per share. Non-GAAP EPS of $1.02 for Q2 were 1.0% higher than the prior-year quarter's $1.01 per share. GAAP EPS of $1.10 for Q2 were 11% higher than the prior-year quarter's $0.99 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 10.3%, 190 basis points worse than the prior-year quarter. Operating margin was 6.1%, 130 basis points worse than the prior-year quarter. Net margin was 6.1%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $778.7 million. On the bottom line, the average EPS estimate is $0.28.

Next year's average estimate for revenue is $3.43 billion. The average EPS estimate is $1.70.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 184 members out of 228 rating the stock outperform, and 44 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Fresh Del Monte Produce a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fresh Del Monte Produce is outperform, with an average price target of $28.50.

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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.