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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Dec. 25, 2024
Jun. 26, 2024
Current assets    
Cash and cash equivalents $ 14.8 $ 64.6
Accounts receivable, net 82.7 60.6
Inventories 36.7 34.5
Restaurant supplies 53.5 53.8
Prepaid expenses 21.6 20.6
Income taxes receivable 1.4 0.0
Total current assets 210.7 234.1
Property and equipment, at cost    
Land 41.7 41.6
Buildings and leasehold improvements 1,708.4 1,670.2
Furniture and equipment 836.4 830.6
Construction-in-progress 67.6 41.0
Gross property and equipment 2,654.1 2,583.4
Less accumulated depreciation and amortization (1,760.8) (1,703.7)
Net property and equipment 893.3 879.7
Other assets    
Operating lease assets 1,082.3 1,095.2
Goodwill 194.5 194.8
Deferred income taxes, net 105.6 113.9
Intangibles, net 18.7 19.9
Other 55.2 55.5
Total other assets 1,456.3 1,479.3
Total assets 2,560.3 2,593.1
Current liabilities    
Accounts payable 163.5 160.6
Gift card liability 80.7 64.8
Accrued payroll 126.0 130.8
Operating lease liabilities 116.6 114.1
Other accrued liabilities 152.0 144.7
Income taxes payable, net 5.5 7.3
Total current liabilities 644.3 622.3
Long-term debt and finance leases, less current installments 652.0 786.3
Long-term operating lease liabilities, less current portion 1,068.0 1,084.5
Other liabilities 64.5 60.6
Commitments and contingencies (Note 7)
Shareholders’ equity    
Common stock, shares authorized 250.0 250.0
Common stock, par value per share $ 0.10 $ 0.10
Common stock, shares issued 60.3 60.3
Common stock, shares outstanding 44.4 45.0
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued and 44.4 million shares outstanding at December 25, 2024 and 60.3 million shares issued and 45.0 million shares outstanding at June 26, 2024) $ 6.0 $ 6.0
Additional paid-in capital 704.5 707.8
Accumulated other comprehensive loss (6.7) (6.3)
Accumulated deficit $ (39.6) $ (196.6)
Treasury stock, shares 15.9 15.3
Treasury stock, at cost (15.9 million shares at December 25, 2024, and 15.3 million shares at June 26, 2024) $ (532.7) $ (471.5)
Total shareholders’ equity 131.5 39.4
Total liabilities and shareholders’ equity $ 2,560.3 $ 2,593.1