Earnings Per Share

6 Months Ended

Aug. 02, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the calculations of basic and diluted earnings per share:


						13 Weeks Ended												26 Weeks Ended
(in millions, except per share data)						August 2, 2025						August 3, 2024						August 2, 2025						August 3, 2024
Numerator:
Income from continuing operations						$	155.5					$	142.3					$	469.0					$	410.0
Income (loss) from discontinued operations, net of tax						32.9						(9.9)						62.8						22.5
Net income						$	188.4					$	132.4					$	531.8					$	432.5

Denominator:
Weighted average number of shares outstanding						207.3						215.0						210.4						216.4
Dilutive impact of share-based awards (as determined by applying the treasury stock method)						0.5						0.2						0.4						0.3
Weighted average number of shares and dilutive potential shares outstanding						207.8						215.2						210.8						216.7

Basic earnings (loss) per share of common stock:
Continuing operations						$	0.75					$	0.66					$	2.23					$	1.89
Discontinued operations						0.16						(0.04)						0.30						0.11
Total basic earnings per share of common stock						$	0.91					$	0.62					$	2.53					$	2.00

Diluted earnings (loss) per share of common stock:
Continuing operations						$	0.75					$	0.66					$	2.22					$	1.89
Discontinued operations						0.16						(0.04)						0.30						0.11
Total diluted earnings per share of common stock						$	0.91					$	0.62					$	2.52					$	2.00

Share-based awards of 2.2 million shares and 2.2 million shares were excluded from the calculation of diluted net income per share for the 13 and 26 weeks ended August 2, 2025, respectively, because their inclusion would be anti-dilutive. Share-based awards of 3.4 million shares and 3.1 million shares were excluded from the calculation of diluted net income per share for the 13 and 26 weeks ended August 3, 2024, respectively, because their inclusion would be anti-dilutive.