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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 27, 2022
Feb. 28, 2021
Feb. 27, 2022
Feb. 28, 2021
Sales $ 2,448.9 $ 1,733.0 $ 7,027.1 $ 4,916.9
Costs and expenses:        
Restaurant labor 798.7 559.4 2,279.5 1,595.6
Marketing expenses 27.2 19.2 73.0 66.8
General and administrative expenses 83.1 78.9 289.0 298.8
Depreciation and amortization 94.3 88.2 275.4 261.8
Impairments and disposal of assets, net (3.8) 3.1 (5.5) 1.4
Total operating costs and expenses 2,147.9 1,585.0 6,202.4 4,591.6
Operating income 301.0 148.0 824.7 325.3
Interest, net 17.5 15.2 49.8 46.4
Other (income) expense, net 0.2 0.5 0.7 8.4
Earnings before income taxes 283.3 132.3 774.2 270.5
Income tax expense 35.4 3.1 101.2 7.1
Earnings from continuing operations 247.9 129.2 673.0 263.4
Losses from discontinued operations, net of tax benefit of $0.0, $0.8, $0.4 and $2.4, respectively (0.9) (0.5) (1.9) (2.6)
Net earnings $ 247.0 $ 128.7 $ 671.1 $ 260.8
Basic net earnings per share:        
Earnings from continuing operations (in dollars per share) $ 1.95 $ 0.99 $ 5.22 $ 2.02
Losses from discontinued operations (in dollars per share) (0.01) 0 (0.01) (0.02)
Net earnings (in dollars per share) 1.94 0.99 5.21 2.00
Diluted net earnings per share:        
Earnings from continuing operations (in dollars per share) 1.93 0.98 5.17 2.00
Losses from discontinued operations (in dollars per share) 0 0 (0.01) (0.02)
Net earnings (in dollars per share) $ 1.93 $ 0.98 $ 5.16 $ 1.98
Average number of common shares outstanding:        
Basic (in shares) 127.0 130.5 128.9 130.3
Diluted (in shares) 128.2 132.0 130.1 131.5
Food and beverage        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 752.7 $ 499.4 $ 2,132.2 $ 1,409.0
Restaurant expenses        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 395.7 $ 336.8 $ 1,158.8 $ 958.2