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Earnings per common share ("EPS") (Tables)

6 Months Ended

Aug. 03, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic

The computation of basic EPS is outlined in the table below:

			13 weeks ended												26 weeks ended
(in millions, except per share amounts)			August 3, 2024						July 29, 2023						August 3, 2024						July 29, 2023
Numerator:
Net (loss) income attributable to common shareholders			$	(101.5)					$	66.5					$	(141.6)					$	155.3
Denominator:
Weighted average common shares outstanding			44.5						45.2						44.6						45.3
EPS – basic			$	(2.28)					$	1.47					$	(3.17)					$	3.43

Schedule of Earnings Per Share, Diluted

The computation of diluted EPS is outlined in the table below:

			13 weeks ended												26 weeks ended
(in millions, except per share amounts)			August 3, 2024						July 29, 2023						August 3, 2024						July 29, 2023
Numerator:
Net (loss) income attributable to common shareholders			$	(101.5)					$	66.5					$	(141.6)					$	155.3
Add: Dividends on Preferred Shares			—						8.6						—						17.2
Numerator for diluted EPS			$	(101.5)					$	75.1					$	(141.6)					$	172.5
Denominator:
Basic weighted average common shares outstanding			44.5						45.2						44.6						45.3
Plus: Dilutive effect of share awards			—						0.9						—						1.0
Plus: Dilutive effect of Preferred Shares			—						8.2						—						8.2
Diluted weighted average common shares outstanding			44.5						54.3						44.6						54.5
EPS – diluted			$	(2.28)					$	1.38					$	(3.17)					$	3.17

Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share

The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be antidilutive:

			13 weeks ended												26 weeks ended
(in millions)			August 3, 2024						July 29, 2023						August 3, 2024						July 29, 2023
Share awards			0.4						—						0.5						—
Potential impact of Preferred Shares			—						—						2.8						—
Total antidilutive shares			0.4						—						3.3						—

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Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

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Tabular disclosure of the effect of income (loss) on basic earnings per share.

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