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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 25, 2024
Feb. 26, 2023
Feb. 25, 2024
Feb. 26, 2023
Sales $ 2,974.8 $ 2,786.2 $ 8,432.7 $ 7,718.8
Costs and expenses:        
Restaurant labor 937.1 874.2 2,693.3 2,476.5
Marketing expenses 31.7 28.2 107.2 89.6
General and administrative expenses 108.2 107.0 376.3 285.7
Depreciation and amortization 117.9 98.3 340.2 290.7
Impairments and disposal of assets, net 0.4 1.3 11.0 (12.4)
Total operating costs and expenses 2,587.4 2,436.3 7,513.9 6,891.5
Operating income 387.4 349.9 918.8 827.3
Interest, net 36.5 19.6 103.3 59.2
Earnings before income taxes 350.9 330.3 815.5 768.1
Income tax expense 37.5 43.5 95.0 100.2
Earnings from continuing operations 313.4 286.8 720.5 667.9
Losses from discontinued operations, net of tax benefit of $0.6, $0.2, $1.0 and $0.5, respectively (0.5) (0.2) (1.0) (1.1)
Net earnings $ 312.9 $ 286.6 $ 719.5 $ 666.8
Basic net earnings per share:        
Earnings from continuing operations (in dollars per share) $ 2.62 $ 2.36 $ 6.00 $ 5.47
Losses from discontinued operations (in dollars per share) 0 0 (0.01) (0.01)
Net earnings (in dollars per share) 2.62 2.36 5.99 5.46
Diluted net earnings per share:        
Earnings from continuing operations (in dollars per share) 2.60 2.34 5.95 5.42
Losses from discontinued operations (in dollars per share) 0 0 0 (0.01)
Net earnings (in dollars per share) $ 2.60 $ 2.34 $ 5.95 $ 5.41
Average number of common shares outstanding:        
Basic (in shares) 119.4 121.4 120.1 122.2
Diluted (in shares) 120.4 122.5 121.0 123.2
Food and beverage        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 920.2 $ 887.0 $ 2,617.0 $ 2,500.6
Restaurant expenses        
Costs and expenses:        
Food and beverage costs and restaurant expenses $ 471.9 $ 440.3 $ 1,368.9 $ 1,260.8