XML 28 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 23, 2020
Feb. 24, 2019
Feb. 23, 2020
Feb. 24, 2019
Sales $ 2,346.5 $ 2,246.5 $ 6,536.8 $ 6,281.3
Costs and expenses:        
Restaurant labor 753.8 711.4 2,149.9 2,053.1
Marketing expenses 71.6 62.4 206.6 186.9
General and administrative expenses 100.3 102.8 289.6 302.4
Depreciation and amortization 87.7 85.3 261.5 248.8
Impairments and disposal of assets, net 0.1 1.6 0.2 4.4
Total operating costs and expenses 2,068.2 1,981.0 5,896.8 5,678.6
Operating income 278.3 265.5 640.0 602.7
Interest, net 13.2 12.4 37.4 38.3
Other (income) expense, net 0.0 0.0 153.3 0.0
Earnings (loss) before income taxes 265.1 253.1 449.3 564.4
Income tax expense 31.8 28.0 18.8 54.5
Earnings from continuing operations 233.3 225.1 430.5 509.9
Losses from discontinued operations, net of tax benefit of $0.7, $0.8, $1.6 and $1.3, respectively (1.0) (1.5) (2.9) (4.5)
Net earnings $ 232.3 $ 223.6 $ 427.6 $ 505.4
Basic net earnings per share:        
Earnings from continuing operations (in dollars per share) $ 1.92 $ 1.83 $ 3.53 $ 4.12
Losses from discontinued operations (in dollars per share) 0 (0.02) (0.03) (0.03)
Net earnings (in dollars per share) 1.92 1.81 3.50 4.09
Diluted net earnings per share:        
Earnings from continuing operations (in dollars per share) 1.90 1.80 3.48 4.06
Losses from discontinued operations (in dollars per share) (0.01) (0.01) (0.02) (0.04)
Net earnings (in dollars per share) $ 1.89 $ 1.79 $ 3.46 $ 4.02
Average number of common shares outstanding:        
Basic (in shares) 121.3 123.3 122.1 123.7
Diluted (in shares) 122.8 125.0 123.7 125.6
Food and beverage        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 658.0 $ 638.0 $ 1,844.3 $ 1,784.6
Restaurant expenses        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 396.7 $ 379.5 $ 1,144.7 $ 1,098.4