Loss Per Share

12 Months Ended

Jun. 29, 2025

The details of the computation of basic and diluted (loss) earnings per share are as follows:


	Fiscal Years Ended
(in millions of U.S. Dollars, except share data)	June 29, 2025		June 30, 2024		June 25, 2023
Net loss from continuing operations	$	(1,609.2)	$	(573.6)	$	(260.5)

Net loss from discontinued operations	—		(290.6)		(69.4)

Weighted average number of common shares - basic and diluted (in thousands)	141,320		125,693		124,374

Loss per share - basic and diluted:
Continuing operations	$	(11.39)	$	(4.56)	$	(2.09)
Discontinued operations	$	—	$	(2.31)	$	(0.56)

Diluted net (loss) earnings per share is the same as basic net (loss) earnings per share for the periods presented due to potentially dilutive items being anti-dilutive given the Company's net loss from continuing operations.

For the fiscal years ended June 29, 2025, June 30, 2024 and June 25, 2023, 5.6 million, 4.4 million and 2.7 million, respectively, of dilutive shares were excluded from the calculation of diluted (loss) earnings per share because their effect would be anti-dilutive.

Future earnings per share of the Company are also subject to dilution from conversion of its convertible notes under certain conditions as described in Note 9, “Debt.”