Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.23.2
Net Income Per Share
 3 Months Ended
Jul. 29, 2023
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following table sets forth the calculations of basic and diluted net income per share:
13 Weeks Ended 26 Weeks Ended
(in millions, except per share data) July 29, 2023 July 30, 2022 July 29, 2023 July 30, 2022
Basic net income per share:
Net income $ 200.4  $ 359.9  $ 499.4  $ 896.3 
Weighted average number of shares outstanding 220.1  224.2  220.6  224.7 
Basic net income per share $ 0.91  $ 1.61  $ 2.26  $ 3.99 
Diluted net income per share:
Net income $ 200.4  $ 359.9  $ 499.4  $ 896.3 
Weighted average number of shares outstanding 220.1  224.2  220.6  224.7 
Dilutive effect of stock options and restricted stock (as
   determined by applying the treasury stock method)		 0.4  0.8  0.5  1.0 
Weighted average number of shares and dilutive potential
   shares outstanding		 220.5  225.0  221.1  225.7 
Diluted net income per share $ 0.91  $ 1.60  $ 2.26  $ 3.97 
Stock options and other stock-based awards of 2.4 million shares and 3.0 million shares were excluded from the calculation of diluted net income per share for the 13 and 26 weeks ended July 29, 2023, respectively, because their inclusion would be anti-dilutive. Stock options and other stock-based awards of 2.3 million shares and 2.8 million shares were excluded from the calculation of diluted net income per share for the 13 and 26 weeks ended July 30, 2022, respectively, because their inclusion would be anti-dilutive.