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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 24, 2019
Nov. 25, 2018
Nov. 24, 2019
Nov. 25, 2018
Sales $ 2,056.4 $ 1,973.4 $ 4,190.3 $ 4,034.8
Costs and expenses:        
Restaurant labor 692.3 662.4 1,396.1 1,341.7
Marketing expenses 66.3 58.0 135.0 124.5
General and administrative expenses 91.3 95.1 189.3 199.6
Depreciation and amortization 87.6 82.8 173.8 163.5
Impairments and disposal of assets, net 0.1 2.7 0.1 2.8
Total operating costs and expenses 1,896.2 1,825.3 3,828.6 3,697.6
Operating income 160.2 148.1 361.7 337.2
Interest, net 13.1 12.8 24.2 25.9
Other (income) expense, net 153.3 0.0 153.3 0.0
Earnings (loss) before income taxes (6.2) 135.3 184.2 311.3
Income tax expense (benefit) (31.6) 19.4 (13.0) 26.5
Earnings from continuing operations 25.4 115.9 197.2 284.8
Losses from discontinued operations, net of tax expense (benefit) of $(0.7), $0.7, $(0.9) and $(0.4), respectively (0.7) (0.3) (1.9) (3.0)
Net earnings $ 24.7 $ 115.6 $ 195.3 $ 281.8
Basic net earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.21 $ 0.94 $ 1.61 $ 2.30
Losses from discontinued operations (in dollars per share) (0.01) (0.01) (0.02) (0.03)
Net earnings (in dollars per share) 0.20 0.93 1.59 2.27
Diluted net earnings per share:        
Earnings from continuing operations (in dollars per share) 0.21 0.92 1.59 2.26
Losses from discontinued operations (in dollars per share) (0.01) 0 (0.02) (0.02)
Net earnings (in dollars per share) $ 0.20 $ 0.92 $ 1.57 $ 2.24
Average number of common shares outstanding:        
Basic (in shares) 122.2 123.9 122.5 123.9
Diluted (in shares) 123.7 125.8 124.1 125.8
Food and beverage        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 583.0 $ 563.3 $ 1,186.3 $ 1,146.6
Restaurant expenses        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 375.6 $ 361.0 $ 748.0 $ 718.9