Earnings Per Share

3 Months Ended

May 02, 2026

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


	13 Weeks Ended
	May 2, 2026					May 3, 2025
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	63			263.7	$	38			276.7
Shares to be issued under deferred compensation and other plans					0.7					0.9
	$	63			264.4	$	38			277.6
Basic earnings per share			$	0.24				$	0.14
Effect of dilutive securities:
Restricted stock units					8.3					3.1
	$	63			272.7	$	38			280.7
Diluted earnings per share			$	0.23				$	0.13

In addition to the restricted stock units reflected in the foregoing table, stock options to purchase 3.7 million and 5.9 million shares of common stock and restricted stock units relating to 3.2 million and 5.7 million shares of common stock were outstanding at May 2, 2026 and May 3, 2025, respectively, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.