Financial Statements

19. Earnings per share

Group
52 weeks ended
1 May 2011
52 weeks ended
2 May 2010
No. No.
Number of shares at year end 80,234,588 79,000,020
Weighted average number of ordinary shares outstanding — basic 79,337,981 56,747,273
Effect of dilutive options and contingent shares 70,012
Weighted average number of ordinary shares outstanding — diluted 79,407,993 56,747,273
Earnings
Profit for the period (£m) 30.1 72.2
Basic earnings per share (pence per share) 37.9 127.2
Diluted earnings per share (pence per share) 37.9 127.2

Underlying basic earnings per share1

Group
52 weeks ended
1 May 2011
No.
Underlying profit before tax1 (£m) 50.2
Income tax expense excluding exceptional items (£m) (13.8)
Tax impact of non-underlying items (£m) (0.5)
Underlying profit after tax1 (£m) 35.9
Weighted average number of ordinary shares outstanding — basic 79,337,981
Underlying basic earnings per share1 (pence per share) 45.2

There were no share-related events after the balance sheet date that may affect earnings per share.