NET (LOSS) INCOME PER COMMON SHARE

3 Months Ended

May 04, 2025

NET (LOSS) INCOME PER COMMON SHARE

The Company computed its basic and diluted net (loss) income per common share as follows:


	Thirteen Weeks Ended
(In millions, except per share data)	5/4/25		5/5/24

Net (loss) income	$	(44.8)	$	151.4

Weighted average common shares outstanding for basic net (loss) income per common share	51.1		57.5
Weighted average impact of dilutive securities	—		0.9

Total shares for diluted net (loss) income per common share	51.1		58.4

Basic net (loss) income per common share	$	(0.88)	$	2.63

Diluted net (loss) income per common share	$	(0.88)	$	2.59

Potentially dilutive securities excluded from the calculation of diluted net (loss) income per common share as the effect would be anti-dilutive were as follows:

Thirteen Weeks Ended

(In millions)

5/4/25

5/5/24

Weighted average potentially dilutive securities

2.1

0.4

Diluted net loss per common share for the thirteen weeks ended May 4, 2025 excluded all potentially dilutive securities because there was a net loss for the period and, as such, the inclusion of these securities would have been anti-dilutive.

Shares underlying contingently issuable awards that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net (loss) income per common share for that period. The Company had contingently issuable PSU awards outstanding that did not meet the performance conditions as of May 5, 2024 and, therefore, were excluded from the calculation of diluted net (loss) income per common share for the thirteen weeks ended May 5, 2024. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.4 million and 0.3 million as of May 4, 2025 and May 5, 2024, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above.