Net Revenues of $1.8 billion increased 12% on a reported basis and 8% on an organic basis versus Q4 2023.

full year earnings: “Financial Highlights for the Full Year • Reported net revenues of $6.4 billion were up 3% to FY 2023, and up 3% on an organic basis • Gross margin was 60.0%; 310 basis points above FY 2023 • Operating margin was 4.2%; Adjusted EBIT margin was 10.2% , compared to 9.0% in FY 2023 • Net income was $211 million; Adjusted net income was $503 million , up from $441 million in FY 2023 • Diluted EPS was $0.52; Adjusted diluted EPS was $1.25 , up from $1.10 in FY 2023 • Record Adjusted Free Cash Flow generation of $671 million • The Company returned $289 million in capital to shareholders, up 45% to prior year Highlights include: Three Months Ended Increase (Decrease) As Reported Increase (Decrease) Organic Net Revenues Year Ended Increase (Decrease) As Reported Increase (Decrease) Organic Net Revenues ($ millions) December 1, 2024 November 26, 2023 December 1, 2024 November 26, 2023 Net revenues $ 1,840 $ 1,642 12% 8% $ 6,355 $ 6,179 3% 3% Three Months Ended Increase (Decrease) As Reported Increase (Decrease) Constant Currency Year Ended Increase (Decrease) As Reported Increase (Decrease) Constant Currency ($ millions, except per-share amounts) December 1, 2024 November 26, 2023 December 1, 2024 November 26, 2023 Net income $ 183 $ 127 44% * $ 211 $ 250 (16)% * Adjusted net income $ 202 $ 179 13% 14% $ 503 $ 441 14% 15% Adjusted EBIT $ 247 $ 200 23% 25% $ 650 $ 555 17% 20% Diluted earnings per share $ 0.46 $ 0.32 14¢ * $ 0.52 $ 0.62 (10)¢ * Adjusted diluted earnings per share $ 0.50 $ 0.44 6¢ 6¢ $ 1.25 $ 1.10 15¢ 17¢ ___________ * Not provided Additional information regarding Adjusted SG&A, Adjusted EBIT, Adjusted EBIT margin, Adjusted net income, Adjusted diluted earnings per share, Adjusted free cash flow as well as amounts presented on an organic net revenues basis and constant currency basis, all of which are non-GAAP financial measures, is provided at the end of this press release.” Previous: “Financial Highlights for the Full Year • Reported net revenues of $6.4 billion were up 3% to FY 2023, and up 3% on an organic basis • Gross margin was 60.0%; 310 basis points above FY 2023 • Operating margin was 4.2%; Adjusted EBIT margin was 10.2% , compared to 9.0% in FY 2023 • Net income was $211 million; Adjusted net income was $503 million , up from $441 million in FY 2023 • Diluted EPS was $0.52; Adjusted diluted EPS was $1.25 , up from $1.10 in FY 2023 • Record Adjusted Free Cash Flow generation of $671 million • The Company returned $289 million in capital to shareholders, up 45% to prior year Highlights include: Three Months Ended Increase (Decrease) As Reported Increase (Decrease) Organic Net Revenues Year Ended Increase (Decrease) As Reported Increase (Decrease) Organic Net Revenues ($ millions) December 1, 2024 November 26, 2023 December 1, 2024 November 26, 2023 Net revenues $ 1,840 $ 1,642 12% 8% $ 6,355 $ 6,179 3% 3% Three Months Ended Increase (Decrease) As Reported Increase (Decrease) Constant Currency Year Ended Increase (Decrease) As Reported Increase (Decrease) Constant Currency ($ millions, except per-share amounts) December 1, 2024 November 26, 2023 December 1, 2024 November 26, 2023 Net income $ 183 $ 127 44% * $ 211 $ 250 (16)% * Adjusted net income $ 202 $ 179 13% 14% $ 503 $ 441 14% 15% Adjusted EBIT $ 247 $ 200 23% 25% $ 650 $ 555 17% 20% Diluted earnings per share $ 0.46 $ 0.32 14¢ * $ 0.52 $ 0.62 (10)¢ * Adjusted diluted earnings per share $ 0.50 $ 0.44 6¢ 6¢ $ 1.25 $ 1.10 15¢ 17¢ ___________ * Not provided Additional information regarding Adjusted SG&A, Adjusted EBIT, Adjusted EBIT margin, Adjusted net income, Adjusted diluted earnings per share, Adjusted free cash flow as well as amounts presented on an organic net revenues basis and constant currency basis, all of which are non-GAAP financial measures, is provided at the end of this press release.”