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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 26, 2023
Nov. 27, 2022
Nov. 26, 2023
Nov. 27, 2022
Sales $ 2,727.3 $ 2,486.5 $ 5,457.9 $ 4,932.6
Costs and expenses:        
Restaurant labor 880.9 808.5 1,756.2 1,602.3
Marketing expenses 36.9 31.1 75.5 61.4
General and administrative expenses 114.8 90.4 268.1 178.7
Depreciation and amortization 112.5 96.8 222.3 192.4
Impairments and disposal of assets, net 7.5 (8.8) 10.6 (13.7)
Total operating costs and expenses 2,448.8 2,253.3 4,926.5 4,455.2
Operating income 278.5 233.2 531.4 477.4
Interest, net 37.1 19.8 66.8 39.6
Earnings before income taxes 241.4 213.4 464.6 437.8
Income tax expense 29.1 25.9 57.5 56.7
Earnings from continuing operations 212.3 187.5 407.1 381.1
Losses from discontinued operations, net of tax benefit of $0.3, $0.3, $0.4 and $0.3, respectively (0.2) (0.3) (0.5) (0.9)
Net earnings $ 212.1 $ 187.2 $ 406.6 $ 380.2
Basic net earnings per share:        
Earnings from continuing operations (in dollars per share) $ 1.77 $ 1.54 $ 3.38 $ 3.11
Losses from discontinued operations (in dollars per share) 0 (0.01) 0 (0.01)
Net earnings (in dollars per share) 1.77 1.53 3.38 3.10
Diluted net earnings per share:        
Earnings from continuing operations (in dollars per share) 1.76 1.52 3.35 3.09
Losses from discontinued operations (in dollars per share) 0 0 0 (0.01)
Net earnings (in dollars per share) $ 1.76 $ 1.52 $ 3.35 $ 3.08
Average number of common shares outstanding:        
Basic (in shares) 119.9 122.1 120.4 122.5
Diluted (in shares) 120.8 123.1 121.4 123.5
Food and beverage        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 845.8 $ 818.3 $ 1,696.8 $ 1,613.6
Restaurant expenses        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 450.4 $ 417.0 $ 897.0 $ 820.5