Segment Information (Tables)

6 Months Ended

Nov. 29, 2020

The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP.


(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the three months ended November 29, 2020
Sales	$	829.5	$	407.4	$	108.1	$	311.5	$	—	$	1,656.5
Restaurant and marketing expenses	654.4		341.1		87.8		272.2		4.4		1,359.9
Segment profit	$	175.1	$	66.3	$	20.3	$	39.3	$	(4.4)	$	296.6

Depreciation and amortization	$	34.5	$	16.5	$	7.8	$	24.0	$	3.2	$	86.0



(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the six months ended November 29, 2020
Sales	$	1,617.7	$	784.1	$	191.2	$	590.9	$	—	$	3,183.9
Restaurant and marketing expenses	1,268.8		660.8		161.0		515.9		8.3		2,614.8
Segment profit	$	348.9	$	123.3	$	30.2	$	75.0	$	(8.3)	$	569.1

Depreciation and amortization	$	70.4	$	33.4	$	15.5	$	48.1	$	6.2	$	173.6

Purchases of land, buildings and equipment	34.6		17.4		24.1		31.1		1.0		108.2


(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the three months ended November 24, 2019
Sales	$	1,023.6	$	447.3	$	154.8	$	430.7	$	—	$	2,056.4
Restaurant and marketing expenses	833.3		375.4		124.4		383.0		1.1		1,717.2
Segment profit	$	190.3	$	71.9	$	30.4	$	47.7	$	(1.1)	$	339.2

Depreciation and amortization	$	36.0	$	17.0	$	8.1	$	24.5	$	2.0	$	87.6



(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the six months ended November 24, 2019
Sales	$	2,113.8	$	897.5	$	291.1	$	887.9	$	—	$	4,190.3
Restaurant and marketing expenses	1,694.6		751.1		240.4		775.8		3.5		3,465.4
Segment profit	$	419.2	$	146.4	$	50.7	$	112.1	$	(3.5)	$	724.9

Depreciation and amortization	$	72.1	$	33.8	$	15.9	$	48.5	$	3.5	$	173.8

Purchases of land, buildings and equipment	112.1		41.7		35.5		64.0		3.2		256.5

Reconciliation of segment profit to earnings from continuing operations before income taxes:


	Three Months Ended				Six Months Ended
(in millions)	November 29, 2020		November 24, 2019		November 29, 2020		November 24, 2019
Segment profit	$	296.6	$	339.2	$	569.1	$	724.9
Less general and administrative expenses	(89.9)		(91.4)		(218.2)		(189.4)
Less depreciation and amortization	(86.0)		(87.6)		(173.6)		(173.8)

Less interest, net	(14.6)		(13.1)		(31.2)		(24.2)
Less 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