Adjusted Operating Margin Expansion definition
Adjusted Operating Margin Expansion means the Company’s cumulative increase in Adjusted Operating Margin (measured in basis points) between the Company’s Adjusted Operating Margin for the fiscal year ended February 2, 2019 (that is [--]%) and the Company’s Adjusted Operating Margin for the fiscal year ending January 29, 2022 (“Fiscal 2021”). “Adjusted Operating Margin” shall mean the Company’s operating margin for the applicable fiscal year, expressed as a percentage and determined by dividing the Company’s Adjusted Operating Income for such fiscal year by the Company’s net sales for such fiscal year.
Adjusted Operating Margin Expansion means the Company’s cumulative increase in Adjusted Operating Margin (measured in basis points) between the Company’s Adjusted Operating Margin for the fiscal year ended February 3, 2018 (that is 9.6%) and the Company’s Adjusted Operating Margin for the fiscal year ending January 30, 2021 (“Fiscal 2020”).
Adjusted Operating Margin Expansion means the Company’s cumulative increase in Adjusted Operating Margin (measured in basis points) between the Company’s Adjusted Operating Margin for the fiscal year ended January 30, 2021 (that is [--]%) and the Company’s Adjusted Operating Margin for the fiscal year ending February 3, 2024 (“Fiscal 2023”).
More Definitions of Adjusted Operating Margin Expansion
Adjusted Operating Margin Expansion means the Company’s cumulative increase in Adjusted Operating Margin (measured in basis points) between the Company’s Adjusted Operating Margin for the fiscal year ended February 3, 2018 (that is 9.6%) and the Company’s Adjusted Operating Margin for the fiscal year ending January 30, 2021 (“Fiscal 2020”). “Adjusted Operating Margin” shall mean the Company’s operating margin for the applicable fiscal year, expressed as a percentage and determined by dividing the Company’s Adjusted Operating Income for such fiscal year by the Company’s net sales for such fiscal year. “Adjusted Operating Income” shall mean the Company’s operating income for a fiscal year, adjusted to exclude one-time or unusual items, including any effect of a change in accounting principles. Adjusted Operating Income shall exclude those items that the Company excludes when it reports its “non-GAAP” adjusted operating income and shall also exclude any effect of a change in accounting principles.