v3.25.2
Earnings per Share
6 Months Ended
Aug. 03, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Basic and diluted earnings per share attributable to the Company’s common stockholders are presented using the two-class method required for participating securities. Under the two-class method, net income attributable to the Company’s common stockholders is determined by allocating undistributed earnings between common stock and participating securities. Undistributed earnings for the periods presented are calculated as net income less distributed earnings. Undistributed earnings are allocated proportionally to the Company’s common Class A and Class B stockholders as both classes are entitled to share equally, on a per share basis, in dividends and other distributions. Basic and diluted earnings per share are calculated by dividing net income attributable to the Company’s common stockholders by the weighted-average shares outstanding during the period.

The following table sets forth basic and diluted earnings per share attributable to the Company’s common stockholders for the periods presented (in millions, except per share data):

13 Weeks Ended26 Weeks Ended
August 3, 2025July 28, 2024August 3, 2025July 28, 2024
Basic and diluted earnings per share
Numerator
Earnings attributable to common Class A and Class B stockholders$62.0 $299.1 $124.4 $366.0 
Denominator
Weighted-average common shares used in computing earnings per share:
Basic414.2429.4413.9432.1
Effect of dilutive share-based awards14.28.512.95.1
Diluted428.4437.9426.8437.2
Anti-dilutive share-based awards excluded from diluted common shares0.78.00.79.1
Earnings per share attributable to common Class A and Class B stockholders:
Basic$0.15 $0.70 $0.30 $0.85 
Diluted$0.14 $0.68 $0.29 $0.84