EARNINGS PER SHARE

3 Months Ended

Aug. 24, 2025

The following table sets forth the computation of basic and diluted earnings per common share for the periods presented:


	Thirteen Weeks Ended
(in millions, except per share amounts)	August 24, 2025		August 25, 2024
Numerator:
Net income	$	64.3	$	127.4

Denominator:
Basic weighted average common shares outstanding	139.5		143.6
Add: Dilutive effect of employee incentive plans (a)	0.3		0.6
Diluted weighted average common shares outstanding	139.8		144.2

Earnings per share:
Basic	$	0.46	$	0.89
Diluted	$	0.46	$	0.88

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(a)Potential dilutive shares of common stock under employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options and the assumed vesting of outstanding restricted stock units and performance awards. As of August 24, 2025 and August 25, 2024, 1.7 million and 0.8 million, respectively, shares of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive.