Spartan Stores (Nasdaq: SPTN) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 22 (Q1), Spartan Stores beat slightly on revenues and beat expectations on earnings per share.

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

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

Revenue details
 Spartan Stores reported revenue of $612.4 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $605.4 million on the same basis. GAAP reported sales were 1.4% higher than the prior-year quarter's $603.9 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 $0.30. The four earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. Non-GAAP EPS of $0.30 for Q1 were 20% higher than the prior-year quarter's $0.25 per share. GAAP EPS of $0.21 for Q1 were 22% lower than the prior-year quarter's $0.27 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 20.5%, 30 basis points better than the prior-year quarter. Operating margin was 1.8%, 10 basis points worse than the prior-year quarter. Net margin was 0.8%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $626.0 million. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $2.65 billion. The average EPS estimate is $1.47.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 125 members out of 132 rating the stock outperform, and seven members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Spartan Stores a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spartan Stores is outperform, with an average price target of $20.50.

The rich are different than you and me: They might not notice the moneymaking stories right under our noses. In our new report, "Middle-Class Millionaire-Makers: 3 Stocks Wall Street's Too Rich to Notice," we give you three Peter Lynch-inspired buy-what-you-know stocks for the 99%. Click here for instant access to this free report.