EARNINGS PER SHARE

9 Months Ended

Apr. 27, 2024

NOTE 13—EARNINGS PER SHARE

The following is a reconciliation of the basic and diluted number of shares used in computing earnings per share:


	13-Week Period Ended				39-Week Period Ended
(in millions, except per share data)	April 27, 2024		April 29, 2023		April 27, 2024		April 29, 2023
Basic weighted average shares outstanding	59.4		59.4		59.2		59.3
Net effect of dilutive stock awards based upon the treasury stock method	—		1.0		—		1.7
Diluted weighted average shares outstanding	59.4		60.4		59.2		61.0

Basic (loss) earnings per share(1)	$	(0.34)	$	0.12	$	(1.26)	$	1.55
Diluted (loss) earnings per share(1)	$	(0.34)	$	0.12	$	(1.26)	$	1.51

Anti-dilutive share-based awards excluded from the calculation of diluted (loss) earnings per share	4.1		0.9		2.1		0.8

(1)(Loss) earnings per share amounts are calculated using actual unrounded figures.