XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 29, 2020
Nov. 24, 2019
Nov. 29, 2020
Nov. 24, 2019
Sales $ 1,656.5 $ 2,056.4 $ 3,183.9 $ 4,190.3
Costs and expenses:        
Restaurant labor 535.5 692.3 1,036.2 1,396.1
Marketing expenses 18.8 66.3 47.6 135.0
General and administrative expenses 89.9 91.4 218.2 189.4
Depreciation and amortization 86.0 87.6 173.6 173.8
Total operating costs and expenses 1,535.8 1,896.2 3,006.6 3,828.6
Operating income 120.7 160.2 177.3 361.7
Interest, net 14.6 13.1 31.2 24.2
Other (income) expense, net 0.4 153.3 7.9 153.3
Earnings (loss) before income taxes 105.7 (6.2) 138.2 184.2
Income tax expense (benefit) 8.8 (31.6) 4.0 (13.0)
Earnings from continuing operations 96.9 25.4 134.2 197.2
Losses from discontinued operations, net of tax benefit of $0.7, $0.7, $1.6 and $0.9, respectively (0.9) (0.7) (2.1) (1.9)
Net earnings $ 96.0 $ 24.7 $ 132.1 $ 195.3
Basic net earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.74 $ 0.21 $ 1.03 $ 1.61
Losses from discontinued operations (in dollars per share) 0 (0.01) (0.01) (0.02)
Net earnings (in dollars per share) 0.74 0.20 1.02 1.59
Diluted net earnings per share:        
Earnings from continuing operations (in dollars per share) 0.74 0.21 1.02 1.59
Losses from discontinued operations (in dollars per share) (0.01) (0.01) (0.01) (0.02)
Net earnings (in dollars per share) $ 0.73 $ 0.20 $ 1.01 $ 1.57
Average number of common shares outstanding:        
Basic (in shares) 130.3 122.2 130.1 122.5
Diluted (in shares) 131.5 123.7 131.2 124.1
Food and beverage        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 475.1 $ 583.0 $ 909.6 $ 1,186.3
Restaurant expenses        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 330.5 $ 375.6 $ 621.4 $ 748.0