| Net Income Per Share The following table sets forth the calculations of basic and diluted net income per share:
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13 Weeks Ended |
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| (in millions, except per share data) |
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May 4, 2024 |
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April 29, 2023 |
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| Basic net income per share: |
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| Net income |
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$ |
300.1 |
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$ |
299.0 |
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| Weighted average number of shares outstanding |
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217.8 |
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221.1 |
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| Basic net income per share |
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$ |
1.38 |
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$ |
1.35 |
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| Diluted net income per share: |
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| Net income |
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$ |
300.1 |
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$ |
299.0 |
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| Weighted average number of shares outstanding |
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217.8 |
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221.1 |
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Dilutive impact of share-based awards (as determined by
applying the treasury stock method)
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0.3 |
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0.6 |
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Weighted average number of shares and dilutive potential
shares outstanding |
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218.1 |
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221.7 |
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| Diluted net income per share |
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$ |
1.38 |
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$ |
1.35 |
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Share-based awards of 3.1 million shares and 2.9 million shares were excluded from the calculation of diluted net income per share for the 13 weeks ended May 4, 2024 and April 29, 2023, respectively, because their inclusion would be anti-dilutive.
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